There’s an interesting conundrum in the Forum this week and it’s all about the power wielded by a single entity that owns several apartments against the collective might of the other owners.
This block is near a retirement home which has been buying into the building bit by bit and now own several units.
Resident owners are naturally concerned that the retirement home is planning to expand, even to the point of getting a majority of 75 per cent of units in the block to agree, so they can vote to demolish and build over it.
They’re not there yet but in the meantime the company is saying that, being the single largest property owner in the block, it wants several seats on the strata committee.
Suspecting that a toehold on the committee will be the first step on a slippery slope to “collective” i.e. forced sales, a Flatchatter has asked if they can make any such demand.
And this is where democracy meets economics – it’s not how much property you own, it’s how many votes you have. That’s HERE.
Elsewhere in the Forum
If water leak from a lot passes through common property and drips on a car below, damaging the paintwork, who’s responsible for the repair? That’s HERE.
Our balcony balustrades are 5cm under the approved height? Can we be forced to replace them? That’s HERE.
Our body corporate manage in Queensland is harassing and bullying us and giving other residents preferential treatment. What can we do? That’s HERE.
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