Rules for duplex/2 lot strata

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  • 11/07/2012 at 3:17 pm #8246 Reply | Quote
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    Flatchatter

      I am the owner/occupier in a 2 lot strata duplex.  The other owner also occupies her apartment.  The duplex is an old building with regular maintenance required.  We pay quarterly levies and manage the maintenance and expenses between ourselves with regular amicable discussions.  We (by agreement) pay (and document) special levies paid as required.  This has only happened twice.

      My concerns are twofold:

      * we don’t (by agreement) have a sinking fund. Could this be an issue if either of us decide to sell?

      * we keep minutes/records of all discussions/quotes/agreements.  Is this sufficient? 

      I’d love to see a comprehensive summary of the differences in managing duplex stratas vs larger stratas!

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    Reply To: Reply #15855 in Rules for duplex/2 lot strata
    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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