One owner wants to buy some common property | Common Property | Flat Chat Forum: Your Questions Answered




A A A

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.

Please consider registering
Guest

Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

Register Lost password?
sp_Feed sp_PrintTopic sp_TopicIcon
One owner wants to buy some common property
moulder
Newbie
Members
Forum Posts: 2
Member Since:
02/05/2012
sp_UserOfflineSmall Offline
1
02/05/2012 - 10:07 pm
sp_Permalink sp_Print

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.

Confused

Avatar
JimmyT
Admin
Forum Posts: 4023
Member Since:
06/01/2014
sp_UserOfflineSmall Offline
2
02/05/2012 - 11:18 pm
sp_Permalink sp_Print

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.

Forum Timezone: Australia/Sydney

Most Users Ever Online: 518

Currently Online: phineous, proudsceptic
41 Guest(s)

Currently Browsing this Page:
1 Guest(s)

Top Posters:

Sir Humphrey: 733

scotlandx: 627

kiwipaul: 613

struggler: 459

Austman: 246

Billen Ben: 232

Millie: 184

Kangaroo: 167

considerate band fair: 167

Cosmo: 152

Newest Members:

[email protected]

libby

mortdale

[email protected]

Anandave

LawoftheLand

megslave

jimmyjimi

mellefonts

Rick Bayley

Forum Stats:

Groups: 4

Forums: 46

Topics: 3864

Posts: 18099

 

Member Stats:

Guest Posters: 240

Members: 4437

Moderators: 2

Admins: 1

Administrators: JimmyT

Moderators: Whale, proudsceptic