Uberowner said:
the owners’ corporation could have been left high and dry.
It is not correct to say that that “the owners corporation would have been left high and dry”.
That will be the position of the purchaser:
Section 84 Liability of persons other than owners for contributions
(1) If, at the time a person becomes the owner of a lot, another person is liable to pay a contribution in respect of the lot, the owner is jointly and severally liable with the other person for the payment of the contribution and any interest on the contribution.
It is for this reason that the purchaser becomes your debt collector and ensures (in the interests of the OC and themselves) that all outstanding levies are paid on or before completion.
- This reply was modified 1 year, 1 month ago by .