#17195
Whale
Flatchatter

    Morris – if the Owners Corporation (O/C) of your Plan wants to handle the sale / purchase properly, so that the Owner involved bears the costs of acquiring the additional land portion, has that shown on their Property Title instead of on the O/C’s Title, and has the Unit Entitlement for their Lot adjusted to reflect the resultant increase in value due to the extra land and the extension, then the process (in NSW) is:

    1. All Owners need to agree to the sale and to the proposed extension via resolutions at a General Meeting, which I believe needs to be unanimous for the former, so it might as well incorporate the consent for the extension as an “addition to the common property”. 
    2. A Valuer needs to determine the value of the acquired land and of the extended Lot as proposed, and the Unit Entitlement for the latter.
    3. A Surveyor needs to prepare a Plan of Strata Sub Division showing the reduction to the Common Property and the extent of new (larger) Lot.
    4. The Valuer’s Report and the Surveyor’s Plan need to be submitted to Land & Property Information (incorporating the former Land Titles Office) for Registration of the changes to the Common Property and to the Owner’s Lot. 

    The Owner concerned would pay the O/C for the extra land based on the valuation, for the costs of the valuation, the survey/plan, and for the Registration/s.

    Of course your O/C needs to ensure that full access to the pump area is formalised.

    The Owner probably won’t wish to proceed now, but if they do there’s a bit more to be done with the inclusions in the O/C’s consent to the extension, but that may best be covered later Wink.