Gilgal1 said:
You could also consider installing a coin-operated laundromat-style dryer, which residents could use by paying for electricity as they go.
Agreed that this is very reasonable. A pedant could say this runs into a potential problem. Google IT2505 for the tax ruling:
“Non-mutual income derived from what is defined as personal property of a body corporate is also subject to income tax. The term personal property relates to movable property or goods and chattels and includes such items as washing machines, driers, lawnmowers, garden hoses and money. An example of this would be income derived from non-proprietors (eg. Persons renting within a block of home units) using coin operated washing machines.
Another important aspect in relation to the income tax consequences of bodies corporate is that of income received from common property. Under IT 2505, a body corporate is not taxed on income it receives from common property. Rather, this income is taxed in the hands of the individual proprietors based on their unit entitlements.”
What this means is that tenants using the coin operated drier could cause the OC to have a profit. That would not be a problem except that the profit, being non-mutual, has to declared on every proprietors separate tax statement in proportion to unit entitlements, probably a few dollars each-a trivial nuisance. I would try to have the cost of the driers, their depreciation and the electricity etc. to just break even.
Also, in the ACT, the new Unit Titles Act prohibits Rules (Bylaws) that would prevent sustainability measures such as a clothes line for air drying. I would agitate for this if you don't have it already.