› Flat Chat Strata Forum › Collective sales – the 75 percent solution › One owner buying several units › Current Page
01/03/2018 at 12:47 am
#29297
As far as I can find out, the 75% rule doesn’t apply to Victoria –
Victoria
In Victoria, a unanimous resolution of lot owners in an owners’ corporation is required to approve the termination of a strata scheme. We are not aware of any proposal to review or amend this legislation in the near future.
So having the last unit in a group of 4 may in fact put you in a stronger position, not a weaker one. If the owner of the other 3 units wants yours as well, they will have to pay you what you want for it – and not a penny less!
Not an expert on Strata Law in Victoria (or anywhere, really!) so can’t help with your “4 out of 9” query.