› Forums › The Professionals › Majority owner paying non Admin cost from Admin › Current Page
19/12/2011 at 7:26 am
#14434
I personally would look into the balances of the admin and sinking fund and find out what you can do to rectify this before selling. No one wants to purchase a property in a complex that has no money in the bank. They could be up for a huge special levy the day they move in! Buyers like to know that there are sufficient funds for any upcoming repairs/maintenance as well as the unexpected. Low funds in the bank could result in a low offer on your property! Perhaps forget about the hot water system and pursue this instead.
