SmartBar Mackay Festival of Arts Floriade Darwin International Film Festival
Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Proposal to force some unit owners to sell their units against their wishes.


Guru

Status: Offline
Posts: 1093
Date:
Proposal to force some unit owners to sell their units against their wishes.


Boy, this is going to cause some upsets for some, I can see both the for and against cases for this proposal. confuse

I wonder if in the case of complexes of just 4 units, if three decide to sell the fourth owner will have no option (75% decide to sell) or will it be restricted to multi unit complexes only confuse 

See;  http://www.abc.net.au/news/2015-09-11/homeowners-could-be-forced-to-sell-properties-under-property-law/6769942 

Edit:   It is the developers that are pushing for this and I could see where a lot of strata owner investors who are renting out their units could be enticed to vote for the sale of a building if the price was right, with no regard for those who live there, tipping the scales in favour of the developer.    

 



-- Edited by Weevil on Saturday 12th of September 2015 03:21:59 PM

__________________

Vic & Carol

BE WHO YOU ARE AND SAY WHAT YOU FEEL .....

BECAUSE THOSE THAT MATTER DON'T MIND.....
AND THOSE THAT MIND, DON'T MATTER
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Purchase Grey Nomad bumper stickers Read our daily column, the Nomad News The Grey Nomad's Guidebook