DubShelley
Registered User
- Messages
- 187
Hi All,
Apologies to jump in on this but I'm wondering is there any current legislation stating a developer must contribute towards maintenance fees for unsold units in a development? Our bill for the coming year has just come through and despite assuring us last year that they (the devloper, also managing agent) would contribute they have failed again to do so.
There are currently 80 sold units in our development but a total of 98 unsold. One block of 43 units is still just a shell so I'm not sure if he is liable for these but the remaining 53 units are almost complete but there are just no buyers.
The budget has already been done so I would imagine we have no comeback on this one. Any ideas? Or do we need to wait for this Bill to come into law and hopefully see our fees reduce next year?
Thanks for reading!
DubShelley
Apologies to jump in on this but I'm wondering is there any current legislation stating a developer must contribute towards maintenance fees for unsold units in a development? Our bill for the coming year has just come through and despite assuring us last year that they (the devloper, also managing agent) would contribute they have failed again to do so.
There are currently 80 sold units in our development but a total of 98 unsold. One block of 43 units is still just a shell so I'm not sure if he is liable for these but the remaining 53 units are almost complete but there are just no buyers.
The budget has already been done so I would imagine we have no comeback on this one. Any ideas? Or do we need to wait for this Bill to come into law and hopefully see our fees reduce next year?
Thanks for reading!
DubShelley