Flat Chat Forum Common Property Current Page

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  • #55634
    Mack
    Flatchatter

    1) Is there a time limit for the length of time For Sale and For Lease signs hammered into common property lawns may remain there?
    Currently one leasing agent has left a For Lease sign on the front lawn for about 2 weeks because he hasn’t managed to find a tenant. A different sales agent has left a For Sale sign on the lawn for almost a month because the unit did not sell at auction and therefore the unit remains on the market.
    For some unkown reason 2 resident owners are pressuring the owners of these 2 units to have the signs removed. We were always under the impression that signs may remain until a unit is sold or leased.
    2) Are there any rules if these types  of signs are placed in a unit window rather than hammered into common property lawns?
    3) Our strata scheme does not have a by-law regarding such signs.
    4) If rules do exist about signage, please advise the legislation.
    Thank you for the Flat Chat website which we read every week.

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  • #55644
    Jimmy-T
    Keymaster

    1) Is there a time limit for the length of time For Sale and For Lease signs hammered into common property lawns may remain there?

    There is no limit under law but real estate agents will often quote this non-existent law to be allowed to keep their signs there.  There are informal agreement – owners realise they may want to advertise their own properties at some point – and then there are by-laws.

    2) Are there any rules if these types of signs are placed in a unit window rather than hammered into common property lawns?

    In the case of window signs, they would come under any by-laws you may have about the outward appearance of the block

    3) Our strata scheme does not have a by-law regarding such signs.

    Yard signs may well be covered by standard by-laws about the appearance of the property or use of common property. In that case the committee can simply agree to tell the real estate agents to remove the signs.

    For future reference you could pass a by-law or even a “protocol” establishing how long a yard sign can be in place before and after the property is let or sold.

    Many strata schemes insist the signs be removed as soon as the deal is done. They have little interest in advertising a real estate agent’s services.

    This is not a purely cosmetic issue.  A “for sale” or “too let” sign that’s left too long tells the world that noone wants to live in your block.

    4) If rules do exist about signage, please advise the legislation.

    There are no laws on this that I know of – just individual schemes having their own by-laws.

     

     

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Flat Chat Forum Common Property Current Page