Fees increase in mid-sale

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  • 05/05/2011 at 2:03 am #7362 Reply | Quote
    Anonymous

      Hi

      I accepted an offer on my townhouse that I have owned for over 10 years which was subject to finance.  Whilst the buyers were getting their finance approval our strata management company called an extraordinary meeting (our AGM is held in December).  They provided us with less than 14 days notice for the meeting.  The meeting was called to discuss the owners putting in extra money to cover some external refurbishment.  We were advised that we should put forward the new buyers vote – which was No and we also supported that vote.  The majority voted Yes therefore in the next 2 months all the owners are to put in extra funds of around $1500 each month.  Our settlement goes through next week prior to the date that extra funds are payable.  We have been told that we are liable for the funds even though we will no longer own the property.  Can you please advise.  Thanks.

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    Reply To: Fees increase in mid-sale
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