› Flat Chat Strata Forum › Common Property › Retrospective exclusive use by-law – Garden changes › Current Page
Charlie – I think your questions have been answered via responses to your other post, but with regard to this one and my response to the other post, I’d add that if you’re successful in negotiating the exclusive use of your landing, the Owners Corporation can either request a once-only contribution from you (to its bank account of which you benefit from a 1/13 share anyway) of an amount equivalent to the increased value of your Lot that arises because the landing’s effectively part of it or submit a “Revised Schedule of Unit Entitlements for one or more Lots” supported by a Valuer’s Certificate to NSW Land & Property Information and thereby formally revise the Levies applicable to your Lot.
Both oprtions require a Special Resolution at a General Meeting (at least 75% of Owners present at the Meeting in person OR by proxy have to agree), and whilst the former option is the more common approach, which shouldn’t amount to much ($) as no other Owner/s ever have or could make effective use of the landing anyway, but as some Owners have queried your Unit Entitlements / Levies already, the latter may suit them.
That’s it from me.