Should we lend the OC money to get work done?

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  • 08/05/2019 at 2:26 pm #37442 Reply | Quote
    Roland
    Flatchatter

      Where a strata plan has low funds and the committee want to move ahead with some expensive maintenance item (tree removal) that would normally require a special levy, can a small group of the lot owners (possibly the committee) advance funds to the SP to get the work done and then recover the funds with the special levy/adjustment. Take it as give that the special levy and costs are approved.

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    Reply To: Reply #37447 in Should we lend the OC money to get work done?
    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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