› Forums › Living in strata › Living in Tasmanian strata › A building wide problem but it’s on privately owned balconies › Current Page
Hi all, I posted this in the Living in Tasmanian Strata forum, so I assumed you would realise this is about Tasmania.
The rules about boundaries are different here. We were surprised recently when we found out how different they are to NSW etc. Here, where there is a bold boundary line, the individual owns to halfway through the line if there is an adjacent Lot or common property, and if there is no adjacent Lot or common property then the individual owns to the actual outside. As you can imagine, this is going to create a number of complex problems for the Body Corporate to work through or around.
That is why we had the idea of using the Sinking Fund. In fact, we currently have balconies included in our Asset Maintenance plan because we were unaware at our last AGM about the correct definition of our boundaries. Could we continue to hold some items (like balconies) in the scope of the Sinking Fund?