There must be some protection for owners under these exceptional circumstances
Hi lantus, we are talking over 5 years now. The issues in the development are vast and complex. I believe the directors are doing the best they can given the complexities.
Everyone, directors and owners, are working extremely hard and pulling together to try and resolve the issues, working with surveyors, getting repair quotes, insurance claim forms, photos, loss assessors, legal proceedings against the insurance bond and developer.
Overall repair work will run into > 1 million, hence the many years of costly legal proceedings and form filling.
The company accounts are in good shape with good payment percentages but there are people like myself now who are struggling to continue to absorb these costs. Especially now, as owners are being forced from their own home in order to protect their family for health reasons. A very unfortunate situation for all concerned and a loss loss for everyone involved until the defects are repaired, which does not look like anytime soon given the costs involved.
There must be some protection for owners under these exceptional circumstances?