#52748
Jimmy-T
Keymaster

    Can a buyer having done their strata search showing continuous negative balance in Admin due to SC/OC not rectifying the deficit (but proceeded with the purchase) at a later time take legal action against the OC?

    Any “interested party” – owner or tenant – can take action at Fair Trading and NCAT at just about any time for just about anything.

    As a new purchaser, you could wait until the next three-month deadline clicked over and then reasonably argue that you thought the discrepancy would be corrected.  But then you would probably have to pay your share of the make-good levies too. You could try to calculate how much that special levy would be and have it taken off the purchase price before you bought.

    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.