Topic: Is this renovation bond excessive? – FLAT CHAT

This topic has 8 replies, 5 voices, and was last updated 7 years, 4 months ago by .

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03/04/2019 at 12:30 pm #36738 Reply | Quote
Whoopi
Flatchatter
Hi Flat chatters,

NSW. With the the new laws, came the three tiered types of renovations: Cosmetic, Minor and Major. Our building decided to pass their own versions of the new renovations bylaws. With the Major renovations the OC have included a $10,000 bond. This seemed steep to me. What regulations protect the owner and their bond? If any? When we did our last renovation it was a $2,000.00 bond. Does any one know about bonds? Should they be minuted?

Cheers

Whoopi
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Reply To: Reply #37187 in Is this renovation bond excessive?

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