Why you must tell buyers about strata nasties

Very sad reading.

Living under a psychopath

Apparently 5% of the population are psychos,so in a in a block of 20 units, there’s 1.

I lived under the penthouse unit, owners installed a fish pond,the pond pump reverberated through the walls. strata manager said it’s a personal matter,my problem,this case proves that’s correct.

Sold and moved, never been happier.

It never ceases to amaze me that people have issues in strata and fail to exercise their rights.

I know its unpalateable to report an neighbours behaviour, or even to contemplate taking then to court. Both can be stressful and in the event of legal action can be drawn out and expensive.

But how much is peace of mind worth.

My story is of a resident in our small block who terrorised evreybody. he believed the strata was his kingdom.

In the last 3 years he has been counselled by the chairman and the strata manager, with no success.

A resident obtained an AVO (which was fully granted)

He had two notices to comply for behaviour issued in the last 3 years, and police were called on him several times.

Another resident asked for an AVO just a month ago.

He eventually was not on speaking terms with any other resident. It took 5 years but we finally wore him down and he sold and moved . Yeah.

He still thinks he is right

It took a lot of emotional effort, and expenditure on the part of the residents who took out AVOs. But that’s what it may take sometimes.

What a mess. But I can empathize with the vendors just wanting out of a bad situation. But in defense of their lack of mention, who knows: the new guys might love the bloke, or he might be planning on moving (back to jail!) soon anyways. So, how much do you reveal? I ‘d think as little as required is what most folks do.

Another important oversight I’ve seen recently is the Strata Manager not making current financials available to prospective buyers in the agent sales guff. A recent owner in my block believed he had $6000 per lot (x 50 lots, so 300k) sitting in the corporate coffers – we didn’t: that was expended on capital works 6 months prior and we actually had just $300ish per lot.

I’m unsure if he pursued that, or will, but that’s like someone stealing the cash off you, or your lot costing thousands more when you need tip in for funds you thought were already there.