Topic: New laws will leave only two years to make defect claims – FLAT CHAT

This topic has 3 replies, 3 voices, and was last updated 14 years, 11 months ago by .

Creator

Topic
19/10/2011 at 3:51 pm #7728 Reply | Quote
Jimmy-T
Keymaster
In a move that breathtaking in its pro-developer bias, new laws are being brought in to restrict claims for non-structural defects in new apartments to two years while the window for claims against structural defects is being reduced from seven years to six.

This is supposed to make developers more confident about building strata blocks – but will it make owners more confident about buying them?

Here's the story in the Financial Review this week, and here's the link to Fair Trading's web page about the genius new plan.

So here's a question, would you be more or less likely to buy into strata under this new scheme … cos there's no point in building them if nobody's buying them

If you want to be alerted when anyone replies to your posts or responds to this topic, please register and login, then you will be able to subscribe to the topic. The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers. NB: Longer threads may spill over to additional pages - look for the numbers on the bottom right, under the last post.
Creator

Topic

Reply To: Reply #14008 in New laws will leave only two years to make defect claims

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.