New owners renege on fixing facilities

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  • 13/03/2011 at 5:59 pm #7286 Reply | Quote
    Anonymous

      The     security system and gates are not working on our gated complex because the developer went into receivership and the receiver sold off the balance of the estate at heavily discounted prices and did not fix these items as promised.

          A t  the annual general meeting the existing committee put forward their decision to rectify the gates and security system and announced a levy sufficient to repair the facilities and start a sinking fund, This was agreed to at the general meeting.and then a new committee was electedc consisting mostly of new members

           Following complaints by some new members the new committee decidedto halve the levy and not proceed with the repair of the security system and gates. This would effectively destroy the complex as a prestige security gated complex and lower the value of the houses on the estate.

            Is it not the responsibility of the committee to maintain the existing facilities so as not to devalue the property?Can the new committee's decision be reverses at a general meeting of the owners?

      Matthew       Pymble

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    Reply To: Reply #12557 in New owners renege on fixing facilities
    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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