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I live in a building of 8 units with 7 different owners, (one owner owns two units). The building was built in the mid 60s and needs urgent repairs done. There are signs of concrete cancer in the balconies (the balcony slabs are starting to split lengthwise horiziontally) which we ALL KNOW WILL ONLY GET WORSE and must be fixed ASAP.
There are also holes in the roof gutters as well as a need for general building updating/repairs including new windows, new entrance doors and garage doors, painting and preferably rendering to bring the building up to modern standards (it is currently shabby red brick).
The problem is we don’t have enough owners in the building in favour of getting these repairs and updating done. My understanding is it requires an Ordinary Resolution, ie 50% + 1 of owners to agree which in our building of 8 units means 5 of the 8 owners/units to agree. I obviously want to do it as does the owner who owns two lots which gives us only three votes in favour.
A Special Levy of 40-50k will be required to pay for the works and this has been proposed, discussed and voted on at our last three AGMS but keeps getting voted down, we can only ever get 3 (and on one occasion 4) votes in favour of doing it. All the owners KNOW OF THE DANGERS of concrete cancer and KNOW how it only ever gets worse but still not enough of them are willing to vote in favour of the resolution to get these things fixed.
I and the other owner (who owns two) think it is because 4 of the 8 lots are rented out and these owners think they are not going to be able to charge much more rent than they currently are by spending the $40-50K and getting this work done as it is in a high demand area and the rented units get snapped up immediately they come on the rental market anyway.
What can we do? The building looks very shabby with the concrete cancer, peeling paint, windows that are stiff to open, rattle in the wind and won’t close properly and holes in the gutters yet seemingly the owners who do want to fix all these things can’t with just three votes out of 8.
Edit. We are in NSW.
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