#59823
kaindub
Flatchatter

    To knockdown the common property wall needs a special resolution. Not more than 25% of votes cast against the motion. You would also need a bylaw.

    To purchase common property from the OC would also require a special resolution.
    But along with that you would need to have the strata plan altered which means a survey, a new strata plan, alteration of unit entitlements. That’s not a cheap excercise and each step requires a special resolution. You would also engage a valuer to determine the value of the transferred property, payable to the OC.

    Most people would enter an exclusive use by law, giving you exclusive use of common property. You also agree a form of payment, often a yearly sum representing the “rental” value of the acquired property.