RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Rights violation: OZschwitz owners will be forced to sell under new laws Sun Apr 20, 2014 7:16 pm | |
| A majority of apartment owners will be able to force their neighbours to sell their homes to developers under proposed laws to be taken to the NSW cabinet for approval next month.
Currently, every owner needs to agree to sell their apartment before an entire block can be sold for demolition or to developers.
But just three in four owners would need to agree to sell under the proposed new laws that Fair Trading Minister Stuart Ayres' department has drafted for cabinet approval.
Mr Ayres said the proposed package of reforms he hopes to table in Parliament next month are ''vital to future-proof strata in NSW''.
Read more: http://www.smh.com.au/nsw/owners-will-be-forced-to-sell-under-new-laws-20140420-36ywp.html#ixzz2zTHy0w4B |
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