Strata Committees changing by-laws

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  • This topic has 11 replies, 2 voices, and was last updated 9 years ago by .
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  • 10/03/2017 at 11:47 am #10967 Reply | Quote
    JonH
    Flatchatter

      At the last SC meeting the committee made decisions to:

      1.  Restrict the time it takes to renovate a Lot, irrespective of the size (i.e. some units in the building are one bedders) and not taking into account Easter holidays, holiday weekends etc, to 5 months.  

      2.  Increase of bond for renovations from $10,000 to $50,000 “for recovering administrative costs” and allow the reduction of the bond by an amount of $1000 PER WEEK for each week the renovation goes over 5 months.

      Is a $50,000 bond and $1000 per week typical in other strata schemes?

      I own the penthouse which requires complete refurbishment as it has been untouched since 1970.  There is no way the refurb can be completed in 5 months.  

      Can the SC make these changes without approval from all owners at either an EGM or AGM? Is the limitation on the duration of the refurbishment within the bounds of the SC and can it be challenged at NCAT?  Are they likely to view these draconian conditions as fair and reasonable.

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    Reply To: Strata Committees changing by-laws
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