Forum: Vendor gets that sinking fund feeling

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It’s been a quiet weekend on the Forum.  The effect of chocolate on your ability to put up with your neighbours is worthy of a PhD (if it hasn’t been done already).

Even so, there are a few new questions and some ongoing discussions that are worth checking out. One new one is from an owner whose committee – which is also the owners corp in his small scheme – refuses to put money in the capital works (sinking) fund.

Now the theory that this might deter purchasers is becoming a reality as one owner is trying to sell but savvy purchasers are asking, where’s the sinking fund?

Is it swings and roundabouts?  Is what he’s saved on lower levies over the years now coming back to bite him on the bum?

Will the new owner save enough on the purchase price to offset the inevitable repairs that will have to be paid for at some point.

Is there anything the Flatchatter can do to get everything back on an even keel? That’s HERE.  

Elsewhere on the Forum

  • The strata manager is fixing tenants’ repairs on request, approving illegal changes to common property by committee members and threatening defamation over complaints.  Is it time to sell up and move out?  That’s HERE.
  • Proposed ban on fishing into river from common property swimming pool. The angler strikes back.  That’s HERE.
  • EV charging in strata schemes – sometimes it’s complicated, sometimes it’s easy as pie. That’s HERE.
  • If the winning owner in a dispute with the strata schemes doesn’t have to pay a share of the strata costs, where do those costs begin and end?  That’s HERE.
  • Elderly resident wants a handrail added to a stair that’s already too narrow for a lot of furniture.  That’s HERE.

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Alternatively, you can look at the list of “Your latest questions and answers” under the ads on the right of the page on a computer screen. Or at the bottom, after the ads and stories, on a tablet or phone.

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  • #62601
    Jimmy-T
    Keymaster

      It’s been a quiet weekend on the Forum.  The effect of chocolate on your ability to put up with your neighbours is worthy of a PhD (if it hasn’t been
      [See the full post at: Forum: Vendor gets that sinking fund feeling]

      The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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