Team,
Long team reader first time writer.
Curious if anyone has been in this situation or knows about what options I have.
Situation:
Strata unit, currently tenanted out. As the original strata scheme was registered prior to 01 Jul 1974, balcony walls (including windows and doors and working parts) are part of the lot and the lot owners responsibility - i.e. not common property
As I try to be a good owner I had the balcony doors and windows completely replaced late last year at my own cost.
Imagine my surprise when an EGM is called proposing to:
Replace all external windows, balcony doors and balcony windows (of all units) at a total cost of $340,500 (with 20 units/lot owners, this comes to just over 17,000 ea) according to the quote the balcony windows/doors are nearly half this.
Note there is nothing fundamentally wrong with the windows or balcony windows/balcony doors, they are not in need of 'repair'.
My question is— what are my options? It is ridiculous (not to mention extremely wasteful) to pay a significant amount of money to like-for-like replace something that's not even a year old at a cost of 8k.. I also note that not all of the units are created equal (some have almost twice as many windows as others, same with larger balcony doors/windows) yet the cost is to be divided equally among owners.
Appreciate your thoughts on this situation OzB team,
Jose
What do the bylaws say?
If it is all covered and allowed under the bylaws, then the damage was done when the decision to purchase the property was made.