Topic: Consequences of inaction – FLAT CHAT

This topic has 18 replies, 5 voices, and was last updated 14 years ago by .

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16/08/2012 at 5:25 pm #8336 Reply | Quote
struggler
Flatchatter
As my complex spirals further and further down the drain pipe of strata, thought I would share the latest.

A solicitor acting for someone buying here enquirer about financials. Old SM said all our paperwork sent on to new SM. New SM surprised as they are not managing us. Appears that our EC hasn’t managed to get around to signing a new agreement form yet. I mean has only been a few months since the old agreement lapsed.

So their inaction could affect the sale. No one knows where documents are, apparently we don’t have a managing agent. Can individual EC members be held accountable for an out of pockets due to this? Oh wait, they’re covered by insurance so they dont have to worry about anything. And that is why we find ourselves in this situation. The EC don’t worry about anything, do anything or get around to anything because its all ok they’re covered.

Now do you believe me that we are up the proverbial creek without a paddle? And do you see why I hope for a ray and light on this forum whilst scanning the real estate pages for an escape?
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Reply To: Reply #16471 in Consequences of inaction

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