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The EC wants to enforce investor-owners to pay a special levy of approximately $450,000. This special levy is to pay for the upgrade of our apartment block (not for repairs – just for a reburbishment, ie, to make the place look fresh and appealing).
Only investor-owners will be made to pay the special levy.
I’m on the EC and am an investor-owner. When I said this would be illegal – to make only investor-owners pay a special levy to pay for the upgrade of the building (the upgrade is for the benefit of all owners, not just investor-owners!), one of the EC members became nasty towards me and said he has sought legal advice and was told they can enforce only investor-owners to pay special levies – which means, needless to say, that people who are just owners don’t need to pay a cent for the upgrade (estimated at around $450,000).
Of course the other EC members are not investor-owners, and it is to be noted that the legal advice was sought from an owner (a lawyer) in the apartment block in question, and he is not an investor-owner.
What are your views on this?
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