Not enough money to carry out works?
Written by Jessica Tait
Updated at January 17th, 2021
- (Sample) Using Helpjuice
-
Import
Water Run Off Buying Strata Strata Titles Act of Western Australia Lot Boundaries Strata Plan and Other Plans Strata Titles Act Regulations, Standard By-Laws & Management Statements Tenanting Your Property Alteration to a lot/ installations Common Property Employing Contractors Funding Access for Maintenance Fences Contractors Electrical Gas Plumbing Pests NBN Swimming Pools & Spas Building Warranties Strata Companies Levies Financial Strata Manager Strata Council Insurance Paint AGM’s
We have emergency or other common property repairs, we have the funds however don’t wish to hold a general meeting, what else can we do to pass this non budgeted expenditure?
The Strata Company, being all proprietors have a duty to repair, maintain and renew common property. A section 47 notice (47(3)) of the Strata Titles Act is a notice served on all registered proprietors of the Strata company by the Stata council for any non-budgets or motioned common property expenses and where funds are available.
How?
The strata council serves a written notice on all proprietors and first mortgagees of all lots in the scheme setting out the expenditure required. The proprietors and first mortgagees then have 14 days to respond to the notice which is approved unless, within 14 days: written objections are made by the proprietors or first mortgagees of more than 25 percent of the lots or written objections are made by the proprietors or first mortgagees of lots of which the unit entitlement is at least 25 percent of the aggregate unit entitlement of the lots in the scheme.
It is important to note that property therefore if this expenditure is necessary it is in best interest of all owners that approval is provided