19 Jul 2023
BODY CORPORATE 406198 v PROPERTY OPPORTUNITIES LIMITED [2023] NZCA 302
- Citation
- [2023] NZCA 302
- Court
- Court of Appeal
Clause 5.6.6 is ultra vires because it is designed to compensate an exclusive letting regime that the body corporate had no statutory power to create; that clause is void ab initio. The management agreement otherwise is intra vires and the ultra vires letting provisions are severable. The unjust enrichment claim requires reconsideration in the High Court in light of the finding that clause 5.6.6 is ultra vires.