Does the 75% rule apply to older strata plans | Forced sales - the 75 percent solution | Flat Chat Forum: Your Questions Answered




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Does the 75% rule apply to older strata plans
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TinMan
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26/04/2018 - 12:55 am
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 Hi,

Does the new rules in NSW requiring atleast 75% of owners to vote yes to sell apply if the strata plan is 20 years old?

If the answer is no. Does it require 100% of owners to vote yes to sell.

The strata i’m in has developers interesting in buying the entire common property.

Many thanks

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scotlandx
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27/04/2018 - 1:35 pm
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Yes it does.

I assume the developers want to buy the lots as well, otherwise there isn’t much point 😉

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