Common Contracts
1 similar Initial Lot Owners Agreement contracts
THE INITIAL LOT OWNERS AGREEMENT FOR THE BODY CORPORATE XXXXX CTS ZZZZInitial Lot Owners Agreement • May 7th, 2017
The owner of each lot is liable to pay an equal contribution to an agreed body corporate expense. A contribution to an agreed body corporate expense is payable on or before the date for payment as stated on the invoice. Contributions shall be paid directly to the supplier using BPAY or EFT or any other mechanism as stated by the supplier provided that it does not incur additional charges for the Body Corporate. Where the expense has been overpaid in full by one lot owner, the alternate lot owner shall reimburse the lot owner for the proportion of the expense that is attributable to the alternate lot owner.
