› Flat Chat Strata Forum › Levies and Unit Entitlements › Strata report – unreadable, and admin fund doesn’t look right › Current Page
JimmyT said:
Now I have a question for you: do you really want to buy into this building? Unless I could see what the problem was and how to fix it easily, that dot disappearing over the horizon would be me.
I am at a crossroads with this property, and whilst it does appear to be a nice place at what I think is a reasonable price (city skyline/harbour views are a bonus, especially come New Year's Eve!), realistically I am prepared to walk away from the whole thing and start searching again for a property should the report come back as negative/detrimental (not really fond of having to pay a possible special levy either should the worst happen).
The admin fund being in debit certainly doesn't instill any confidence in my trust of the management of the strata budget either, but given the legal action I am guessing this situation may have been brought about by it.
–Phil.