Selling Common Property

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  • 31/01/2018 at 1:18 pm #11560 Reply | Quote
    giggsy11
    Flatchatter

      Hi All

       

      Quick question. There is a proposal on the table for our block of units (in NSW) to sell off some unused roof space to a developer to pay for much needed building repairs. Without getting into planning issues etc, does anyone know what type of resolution is required to achieve this. Is a unanimous (100% agreed) vote required to do it or a special resolution (75% agreed). I know that the new laws require only 75% to sell off an entire building but not sure they apply to selling off part of a building.

       

      Thanks

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    • 31/01/2018 at 1:34 pm #29110 Reply
      scotlandx
      Flatchatter

        This requires a special resolution, refer section 33, Strata Schemes Development Act.

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      Reply To: Selling Common Property
      PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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