Changing windows from common to private property

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  • 15/05/2013 at 7:37 pm #8830 Reply | Quote
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    Flatchatter

      Question – Are there disadvantages in changing ownership of windows to each ‘Property owner’, instead of the current ‘Common Property’ ownership?

      Background – A By law to change ownership of unit windows from ‘Common Property’ to ‘Property Owner’ is currently being considered. If By law is introduced, owners would each pay for proposed new windows (according to lot entitlements), then be responsible for maintenance/replacement cost of their own windows in future.

      My understanding of situation – If windows are ‘Common Property’ owned, costs to maintain/replace windows are shared fairly by owners according to lot entitlements.

      If windows are ‘Property owner’ owned, the owners cost to maintain/replace may differ amongst the owners. Some may pay a little, others may pay a lot more (ie. some windows may degrade quicker due to high sun/rain exposure).

      I look forward to receiving input on this matter Laugh

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    Reply To: Reply #18487 in Changing windows from common to private property
    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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