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An owner in our block of 4 units has put his property on the market and as you'd expect the Agent erected a For Sale sign on the Common Property.
The 'issue' is that after 3 months the Unit remains unsold and most of the residents arehave got jack of the sign. It has taken on the role of a overstaying lodger. It's the size of your average dining table and was thoughtfully positioned to attract the most attention from passing traffic. This also happens to be adjacent to the Main entrance to the building and totally obscures it's view from the road.
How long is it reasonable to allow it to stay ?
It hasn't helped that the Vendor is asking far too much for the property
(hence the 3 month marketing period) and he didn't bother to obtain E.C
approval for the signs location.
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peterepete said:
An owner in our block of 4 units has put his property on the market and as you’d expect the Agent erected a For Sale sign on the Common Property.
The ‘issue’ is that after 3 months the Unit remains unsold … How long is it reasonable to allow it to stay? …he didn’t bother to obtain E.C approval for the signs location.
The EC can decide where, when and how long these signs go up for. Many buildings ban them altogether (although you lose the 'benefit' when you come to sell your own home).
Two things you need to do: tell the estate agent to get rid of the sign pronto or you will tear it down yourselves (it's on common property without permission).
And then establish a protocol of where the signs can be, how long they can stay (if at all) and get it written into a by-law before your next AGM. meanwhile, refuse permission to any signage that doesn't comply with the new protocol. It's your common property and the estate agents' and vendors' 'rights' to put signage on it are somewhere south of zero.
The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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