› Flat Chat Strata Forum › Levies and Unit Entitlements › Strata report – unreadable, and admin fund doesn’t look right › Current Page
23/08/2011 at 12:27 pm
#13593
Just to update you all, I've formally withdrawn my offer for this apartment after having spoken to my solicitor.
The (now readable) strata report turned out to be nearly 200 pages (!) and one of the main issues was the shoring up of the piers at construction time apparently is encroaching on a neighbouring property. That alone definitely sends alarm bells ringing in my opinion, given the legal action is still ongoing (8 years plus it seems).
So off I go looking for a better strata to buy into (and the dot disappearing over the horizon is now myself).
Thanks for the replies to date.
–Phil.