16   Taking on lease of additional association property

(1)  A community association or precinct association may add to its association property by registering under the Real Property Act 1900 a lease to it of land that is not part of, but is contiguous to, the community parcel or precinct parcel.

(2)  The Registrar-General may refuse to register a lease under this section unless Schedule 9 is complied with.

(3)  A community association or precinct association may surrender a lease accepted by it under this section if:

(a)  it so decides by a unanimous resolution, and

(b)  the lessor consents.

(4)  In relation to a lease under this section, such recordings may be made in the Register as the Registrar-General thinks fit.

(5)  In this section:

land means land under the Real Property Act 1900 other than:

(a)  the land in a qualified or limited folio, and

(b)  a perpetual lease from the Crown.

(c)  (Repealed)

lease includes:

(a)  a sublease, and

(b)  a leasehold estate or interest acquired by transfer.