SCHEDULE 4Commonhold information

Creation of commonhold interests4

The matters referred to in regulation 10(2)(e) are—

a

the terms of the commonhold community statement that will or is expected to apply in relation to the property interest once it has been registered as a freehold estate in commonhold land; and

b

estimates of the payment or financial contribution likely to be required of the unit-holder within 12 months of completion of the sale of the property interest towards—

i

commonhold assessment;

ii

reserve funds;

iii

insurance against damage for the common parts (if not to be included in contributions towards commonhold assessment); and

iv

insurance for any person in respect of personal injury or death caused by or within the common parts (if not to be included in contributions towards commonhold assessment).