#13101
Jimmy-T
Keymaster

    Hyacith

    I'm guessing the caropet isn't the only thing that's been allowed to deteriorate and it sounds like you need World War 3.  It also sounds like the Strata Manager is sympathetic so you could ask to have a copy of the strata roll, then write to every owner and tell them how the value of their property is being harmed by the penny-pinchers in your building.  A couple of quotes from local real estate agents about how much the lack of basic maintenance is harming values would go a long way to helping.

    Also, your insurances may also not cover any accidents in the building if it can be shown thet the EC was warned about this – I think the phrase is “constructive negligence” or something like that – which means EC members could be personally liable if someone slips and breaks their leg (or worse).

    This is a typical story in an older building run by rusted-on residents who have no interest in the value of their property (because they have no intention of selling) and are trying to keep levies down because their incomes aren't rising to meet them.

    It's a shame but someone has to bite the bullet. If they are on pesnions, there will be untapped equity in their homes that they could use to get loans but that's no use if they are elderly and would rather hand their apartment on to their sons and daughters unencumbered than fulfill their responsibilities to the community in which they live.

    Have a chat with the strata manager about the best way to push this forward. Most investor-owners will realise the benefit of keeping the whole building in trim – it's good for values and for rents.  But doing nothing is not an option – and that's a message you need to get to all the owners.  If it does start WW3, so be it – just make sure you win.

     

    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.