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I live next door to a unit that has recently sold. Over a ten year period, the owner has leased the property to several different tenants. The property has been continuously managed by the one Real Estate Agent. I took the opportunity to inspect the unit at a recent open inspection and was appalled at the property's condition. In addition to a small part of the hall ceiling falling in, most of the rooms had extensive water damage from the common property deck above. The Real Estate Agent's selling spiel was that the damage was the responsibility of the Owners Corporation and the new owner would not have to pay for the repairs. My question is given that the property has been managed continuously by the one Real Estate Agent who did not report any damage to the Owners Corporation during the ten years, surely the cost of repairs should not rest entirely with us? What are our options?
Many thanks,
Tiaeki