Sale of Common Property

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  • 19/03/2015 at 9:45 pm #9954 Reply | Quote
    cybergran
    Flatchatter

      I live in a strata title retirement village, and our managing agent would like the owners to sell an area of common property, the only “green” area in the village, to a company to build & operate an Aged Care facility ( formerly called Nursing Home).

      Some residents are opposed to the sale, for various reasons, including loss of some parking area.

      There will be a Special Meeting with voting. For the sale to go ahead, what percentage of the owners must vote for the sale. Is it 75%, as is usual for resolutions in strata, or is it in fact 100%, because it is real estate property? Has the law changed yet?

      Thank You

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    Reply To: Sale of Common Property
    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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