One owner wants to buy some common property | Common Property | Flat Chat Forum: Your Questions Answered
These posts are now organised with the most recent post at the end. If you have already read the rest of the posts, to skip to the end, use the little bent arrow symbols to take you there. You must be registered and logged in to reply to posts or post new topics.
I own the ground floor apartment in a 2 unit, 2 storey strata building. My neighbour owns the apartment upstairs. Therefore I do not have ready access to the roof space.
My neighbour wishes to put in an access to the roof space from his apartment to use the roof space for storage. He also wishes to put in skylights in the roof to light his apartment. While I am open to his proposal and considering the transfer of my part of the roof space & roof to him, I am interested to hear from you about the monetary value to him & to me, and about any other issues that I should have clarifed before agreeing to his proposal.
There is a simple formula – the assessed and agreed addition to the value of the property, minus the cost of the work, is the amount that should be paid to the Owners Corp. the renovator should also pay the cost of the special resolutions and by-laws required to make this legal.
Most Users Ever Online: 518
Currently Online: Alina-Jaye, fred11
Currently Browsing this Page:
Billen Ben: 232
considerate band fair: 167
Flat chatter fan
Guest Posters: 240
Moderators: Whale, proudsceptic