borrowing from sinking fund to pay for legal costs

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  • 12/03/2015 at 12:35 am #9938 Reply | Quote
    Pamster
    Flatchatter

      The EC of my strata have convened an EGM and one agenda item is to borrow from the  sinking fund to pay for legal expenses against me. Can they do this seeing as the sinking fund has my contributions in it, and I will be paying for my own legal expenses as their opponent? The resolution is to repay the sinking fund within 3 months by raising a special levy,which I will also be expected to pay. Its as if I have to pay legal fees twice from both sides of the case!

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    Reply To: borrowing from sinking fund to pay for legal costs
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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