NSW Body Corporate external cash offers

Discussion in 'Property Law Forum' started by ShatteredVisage, 17 January 2019.

  1. ShatteredVisage

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    17 January 2019
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    Hi all,

    We own an apartment in a building that has the top apartments wishing to build another floor.

    One apartment owner has asked the top apartments owners for over $70k cash to approve (which will in part be funding perhaps eight months of having to rent elsewhere while building works are being undertaken). This has not been paid yet.

    There has been a valuation on the extra floor and each owner will pay to the body corporate this valuation.

    Is it legal for cash payments, ie outside the body corporate fund, to certain lot owners to approve this extra floor?
     
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