Yep, that is bad news 
. Unfortunately, as I am sure is not an uncommon theme, prior sinking fund plans have not accumulated cash for this rainy day.
Prior remediation costs have been up to 100 K, and that was just for 1 lot. The current EC are trying to structure a 10 year plan that will account for these costs in addition to all the usual issues (lift upgrades, external refurb…etc), but we hadn’t calculated the cost of 15 to 20 kitchens as well. Up to now, access to the slabs has been coordinated with owners renovating their units without concerns about demolition.
As I indicated earlier, the areas requiring attention have 40 plus year old kitchens that will definately disintigrate during the de-fit. To restore the kitchen back to the previous state is likely unachievable. Instead, new cabinets and benches etc would be required, exceeding the state of the worn, tired original kitchen by a considerable amount.
Any suggestions on how to restore to the previous state given this situation?
For example, could we have the kitchens valued and give the lot owner the valued amount, so they can put the money toward a new kitchen?
As an aside, I would hate to think what would happen in blocks that have hard floors (timber or tiles). If the OC are responsible for replacing to the state that existed before removal, the OC may be forced to replace floor coverings through the entire unit, even though slab work may have been contained to a relatively small area, because of the inability to match with the existing materials (end of line, floor board colour and wear) to the satisfaction of the owner. Ouch!