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[Jimmy-T]

@rossinoz said:
… how are the proceeds of a sale proposed to be split amongst the owners, UE, valuation of each unit, just divided by the number of units ??? I can see that being the biggest bunfight imaginable. Even similar UE units can vary in value due to north facing, ground floor, no common walls, etc.

Finally why are these proposals all so secret. We are the owners not some faceless committee. 

First of all, the regulations governing all this have yet to be established.

That said, I believe the intention is that while the vote is a basic head count, the proceeds will be divided on the basis of unit entitlements.

There shouldn’t be any secrecy regarding the committee – it will be chosen by the owners at the general meeting and i would imagine might be remarkably similar to the EC, with the odd additional resident lawyer or accountant tacked on.

Again, the devil will be in the detail of the regs, rather than the broadstrokes of the Bill.

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