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I am happy to share our experience with you – but at the end of the day, you probably need legal advice (see sponsors of this forum).
Our insurance does not cover damage caused by leaks due to ‘defective’ work or poor maintenance.
All of our owners (245 lots in NSW) were legally obligated to contribute to repairs to about 20 apartments caused by a failed waterproofing membrane (Total costs about $2miilion).
Some owners struggling to pay their bit were offered a payment plan, others were taken through the courts.
Lawyers advised us (in the strongest terms) that the OC WILL pay for the repairs.
Trying to get ‘other responsible persons’ to pay cost us $300,000 +.
Compensation for loss of rent was allowed for in our settlement agreement.
Hope this helps.