Hi All,
Went to our body corporate meeting last night, and now feeling a bit shafted.
We own a small bedsit out the back of a development of 6 in a popular inner bayside suburb of Melbourne.
The front wooden fence needs replacing soon, approx 15 metres with two gates and motorised driveway gate. The owners in the two front large units has gone a got a super whizbang architect designed schmicko plans drawn up. Estimated the cost to be well over $28,000 for the designer fence. I estimated replacement/reinstate to be around $5000. I feel $28,000 is a too much to spend for a new fence. We got out voted for all the motions put forward in the meeting, by the front two units. The body corporate said that they can only spend up 2 years total body corporate fees which is around $18,000 per single item. There goes the budget.
My other concern is that the half the front fence pertains to the front units property, I ask the body corporate, how do we take that into consideration? They replied, "there is a term, 'He who benefits more, pays more', which is very grey and not black and white."
I suggested that we contribute to the new replacement value of a standard fence, and anything above that is funded by those who benefit more. This was motioned and thrown out the window.
Any suggestions, do we have to spend heaps simply because where out voted?
Thanks,
Ant.
Went to our body corporate meeting last night, and now feeling a bit shafted.
We own a small bedsit out the back of a development of 6 in a popular inner bayside suburb of Melbourne.
The front wooden fence needs replacing soon, approx 15 metres with two gates and motorised driveway gate. The owners in the two front large units has gone a got a super whizbang architect designed schmicko plans drawn up. Estimated the cost to be well over $28,000 for the designer fence. I estimated replacement/reinstate to be around $5000. I feel $28,000 is a too much to spend for a new fence. We got out voted for all the motions put forward in the meeting, by the front two units. The body corporate said that they can only spend up 2 years total body corporate fees which is around $18,000 per single item. There goes the budget.
My other concern is that the half the front fence pertains to the front units property, I ask the body corporate, how do we take that into consideration? They replied, "there is a term, 'He who benefits more, pays more', which is very grey and not black and white."
I suggested that we contribute to the new replacement value of a standard fence, and anything above that is funded by those who benefit more. This was motioned and thrown out the window.
Any suggestions, do we have to spend heaps simply because where out voted?
Thanks,
Ant.