Lot entitlement and liabities

Discussion in 'Property Management' started by jinx77, 31st May, 2019.

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  1. jinx77

    jinx77 Well-Known Member

    Joined:
    8th May, 2019
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    67
    Location:
    Thornbury
    I’m looking at buying a unit but according to the Section 32, the unit I want to buy has 67% entitlement and liability in a block of 18 units.

    Why is this so disproportionate to what the other owners are paying?
     
    jinx77, 31st May, 2019
    #1
  2. Trainee

    Trainee Well-Known Member

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    You sure its not 6 point 7?
     
    Trainee, 31st May, 2019
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    My thoughts exactly
     
    Scott No Mates, 31st May, 2019
    #3
  4. jinx77

    jinx77 Well-Known Member

    Joined:
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    Thornbury
    Yeah sorry guys, it’s 6.7!
     
    jinx77, 31st May, 2019
    #4
  5. bunkai

    bunkai Well-Known Member

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    Shame it wasn't 67... Almost enough to vote for redevelopment.
     
    bunkai, 31st May, 2019
    #5
    dabbler, Angel, Scott No Mates and 1 other person like this.
  6. dabbler

    dabbler Well-Known Member

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    That is good, you can rule the roost, been a few members here who seem to want to get into strata plan and then run things.

    Motion one for next meeting, owner of said unit to be referred to as the King. The a re write of all rules as King sees fit.
     
    dabbler, 5th Jun, 2019
    #6