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Developers and real estate agents are free to market and sell apartments in the controversial Skyview apartment block in Castle Hill, with NSW B
[See the full post at: Block ban lifted as developer signs 20-year guarantee]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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Caveat Emptor
I don’t know the full details, but the guarantee is only in place as long as the development company is solvent.
We see it regularly where developers go broke only to phoenix.
The building commissioner can’t close this loophole as its covered by the Companies Act, which he has no jurisdiction over.
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