Sri Lanka Consolidated Acts

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Condominium Property Act (No. 12 of 1970) - Sect 20

Termination of condominium

20.
(1) The condominium status of a building may be terminated by an unanimous resolution of the body corporate.
(2) An application to terminate the condominium status of a building may be made to the District Court where the property to which the Condominium Plan relates is situated, by the body corporate or by an owner.
(3) On an application being made under this section, if the Court is satisfied that, having regard to the rights and interests of the owners as a whole, it is just and equitable that the condominium status of the building should be terminated, the Court may make a declaration to that effect subject to such conditions and directions as it may consider necessary.


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