› Flat Chat Strata Forum › Living in strata › Family rules small block to exclusion of all others › Current Page
06/11/2023 at 8:14 am
#71134
We have one family who owns about 61%, another family 5.5%, and combined they are 66.67% and the remaining owners are 33.23%.
Like your situation, they limit number of committee members so no one else can get on committee. The legislation permits this though.
The remaining owners at 33% have all the power they need, but are useless.
So the families rule the roost and bully everyone, so they’ll sell up.
I think the legislation permits this.
The future is build-to-rent and strata, the failure that is, will be phased out.