#26751
Lady Penelope
Strataguru

    Faraway girl – To obtain some more information from you: Did you enter into an agreement with the Developer when you purchased your Lot as to what your levies were to be? Do you have a copy of it, or can you ask your conveyancing solicitor for a copy of it? How was the figure of $2400 arrived at? Was water mentioned and if so did you sign an agreement as to how the water usage was to be divided?

    I think Faraway girl has said that 4 lots are sold with the D holding 10. Usually only one more Lot would need to be sold to make up 1/3 of the aggregate unit entitlements to trigger a “leap” out of the “initial phase”, but that depends on the aggregate unit entitlements that have sold versus those that are remaining. Fingers crossed for a speedy sale … but it is a slow process by the look of things! Having such an unwieldy type of water arrangement is enough to scare potential buyers away.