Can a lot owner refuse to pay levies because they have taken out their own building insurance?
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I have recently taken on the self-management of our strata scheme of 19 semi-detached homes. A new non-resident owner states that by taking out their own building insurance, they have fulfilled their requirements for insurance and are not required to pay levies. Our previous owners corporation manager left us in debt, so the majority of our levy funds will have to go to the insurance renewal.
The new owner is adamant that everyone should take out their own insurance. Is this owner entitled to stop levy payments because he has arranged his own insurance?
Our 4 lot commercial building is at a stalemate over whether to repair or replace the roof — how do we resolve this?
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We have 4 commercial lots in the building. I own 1 unit representing 25% share allotment. Another owner also owns one unit being 25% share allotment. The remaining 2 units are owned by a charity organisation, that is government funded, representing 50% share allotment.
We have a problem with the roof leaking. The owner of the 2 units with unlimited funding and 50% share allotment wants a new roof at a cost in excess of $250,000. The other owner and I want to have the roof repaired by a registered professional at a cost of $35,000. We are at a stalemate with 2 votes versus 2.