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.

How to ask and answer questions

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The best way these days may be to click on “Forum: Your Qs & A’s” on the top menu bar on a computer screen or on the drop-down menu (three lines) on the right of the screen on phones and tablets, under the Strata Choice ad. Then click on the topic title that interests you, and off you go.  

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.

Or you can go “old school” and go to the Forum Home Page and work your way through the topics there.

Whichever route you take to get there, the best way to keep up to speed with what’s happening is to register (if you haven’t already done so), then login and subscribe for free to the topics that interest you most.

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    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]

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