One of my IP's has the following fencing issue that needs to be resolved. I was hoping for feedback from others in case they have been in a similar situation.
The standard process has been followed (Request, Quote, EGM for votes) but originally took way too long. By the time it arrived to me in an EGM it was 6 months which I believe is unacceptable for a fence that is an obvious health and safety concern. I'm friendly with the unit in question and would like it fixed ASAP for a reasonable and acceptable price.
The first I found out about the issue was the EGM. However, at the time, without being prior informed of the issue, or seeing it first hand I reject it because it was excessively expensive. Both quotes were $1600 and $200 respectively for 10 meters of fencing that is damaged. My brother in law is a registered builder and informed me the work is closer to $500 and probably under $200 mates rates. He's too busy to take on the work himself.
Executive Summary:
Where do I draw the line? I need to protect my investment from being overcharged by a body corp who don't really care. But still have the commitment from a Body Corp point of view to fix the fence. AND THEN the final major point is -- who is responsible to get the money from the adjacent property?
Thanks!
- 10 meters of external, adjacent to neighbour perimeter fencing needs repair.
- This section of fence is contained 100% within the grounds of the particular unit.
- That unit is owner/occupier.
The standard process has been followed (Request, Quote, EGM for votes) but originally took way too long. By the time it arrived to me in an EGM it was 6 months which I believe is unacceptable for a fence that is an obvious health and safety concern. I'm friendly with the unit in question and would like it fixed ASAP for a reasonable and acceptable price.
The first I found out about the issue was the EGM. However, at the time, without being prior informed of the issue, or seeing it first hand I reject it because it was excessively expensive. Both quotes were $1600 and $200 respectively for 10 meters of fencing that is damaged. My brother in law is a registered builder and informed me the work is closer to $500 and probably under $200 mates rates. He's too busy to take on the work himself.
Executive Summary:
- Essentially Body Corp screwed the unit in question by somehow taking 6 months to quote/EGM the issue.
- I then rejected it because it was excessively expensive ($2000 for 10m of fence)
- Body Corp "don't care" because it's not there money. They probably have there family/friends/there own subsidiary taking on the work for inflated prices.
Where do I draw the line? I need to protect my investment from being overcharged by a body corp who don't really care. But still have the commitment from a Body Corp point of view to fix the fence. AND THEN the final major point is -- who is responsible to get the money from the adjacent property?
Thanks!