RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: OZschwitz rights violation: draft-legislation which empowers private citizens to forcibly acquire other people's homes Sun Aug 23, 2015 11:02 pm | |
| The New South Wales government has released an exposure draft of strata termination legislation which empowers private citizens to forcibly acquire other people's homes.
People who live in their own apartment face the risk that their neighbours, investors in their building or a developer will decide that they can make a lot of money out of redeveloping the land, and irrespective of another owner's desires or needs, that owner will be forced to sell. So long as 75 per cent of owners agree, (many or all of whom may be investors or a single developer), the site can be collectively sold or redeveloped.
The justification for the legislation is urban renewal and urban consolidation. That is, there are apartment buildings in Sydney that are nearing the end of their life and repairing them is like moving the deck chairs on the Titanic. Further, Sydney desperately needs more housing, and redeveloping a six-lot strata scheme into a 24-lot scheme will increase supply and density. Both are laudable aims and could justify legislation that requires less than unanimous agreement to sale or redevelopment, even if that resulted in people involuntarily losing their homes.
The problem is that the government has not included either justification in the legislation.
Read more: http://www.smh.com.au/comment/strata-law-overhaul-a-step-too-far-20150823-gj5mz5.html#ixzz3jhKNoFmE |
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