(1) In this Part, the term owners, in relation to any area of land, means the persons who are beneficially entitled to that land in fee simple as tenants in common, whether legal or equitable or, in the case of any such persons who are deceased, their administrators; and includes, but not to the exclusion of the persons entitled in remainder, the owner of a beneficial freehold interest for life, or any other beneficial freehold interest less than the fee simple, in any land or in any share in land.
(2) In this Part, the term assembled owners, in relation to any land, means the owners of the land assembled together in a meeting called and held in accordance with this Part.