Changing exclusive use area onto Lot title

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  • 02/02/2013 at 9:06 am #8676 Reply | Quote
    Johnty

      We are a unit holder in a small strata plan of 4 lots. Our unit is on the ground floor and the Owners Corp put through a by-law granting the two ground floor units exclusive use of the space below the unit.  Both ground floor owners have made improvements within that space.  We find the space most useful and would like to add it to our title. 

       

      Our questions are – 

      • is it possible,

      • is it worth doing seeing we have exclusive use (our concern being how will a prospective future buyer “value” this space if it is not on title),

      • what is the process,

      • how does it affect unit entitlements,

      • does such a change need agreement by other owners and if so does it need unanimous support, a simple majority or 75% majority (we ask this as we have recently come up against the 75% of unit entitlement rule where we have one owner with 27% who continually vetoes proposals even though three out of four support it) 

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    Reply To: Changing exclusive use area onto Lot title
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