Owners Corp Building Insurance

[chrisp]

Hi All,

I own a unit within a block of 3 units. It is the smallest of the 3 yet I have to pay 1/3 of the insurance equally.

One of the other owners told me that the body/owners corp states that we must divide these costs equally.

Is this right?

I am going to try and find this doc and investigate but if anybody can shed any light in the meantime it would be greatly appreciated.

Cheers,

Chris

 

[PrimeCommercial]

If its a strata titled property I would have thought it was based on the unit entitlement of each lot.

 

[Propertunity]

If its a strata titled property I would have thought it was based on the unit entitlement of each lot.

^ ^ that one.

 

[chrisp]

Hi Guys,

Thanks for your responses.

Yes it is a strata title and there is a liability allocated for each lot. Unfortunately it is allocated equally across all 3 units, even though the units are not of equal size.

Where does one stand on getting the liability allocated fairly and reasonably?

Would it be reasonable if I sat down with the other 2 owners to come up with a fair amount to pay, even though I am required to pay an equal share.(i.e. legally - based on the allocated liability)?

Thanks guys.

Chris