Post by Brent George on Jan 13, 2019 19:16:48 GMT
One of these three is the odd one out....
I wonder what it may take to resolve such on-going issues with Unit Title Ownership and Body Corporate Rules - in general terms - when things "go-bad". This is not a new issue. But it is one that won't go away on its own, and when the next big-one hits a populous location with UT apartments.....
This report describes a post-earthquake situation that has become (seemingly) too complicated to resolve pragmatically.
Once you drill down it is really a no-win situation:
- the owners just want it resolved - quickly - yesterday (it is a shame they are dying before it is resolved
)
- the owners will always have differing thresholds of "pain" wrt any settlement offer made
- the insurers will always want to minimise their payout, and so have made it the owners problem by not quite offering enough
- the lawyers will want to keep the argument going so that their fees are maximised
- the community suffers as the eyesore broken apartments sit awaiting deconstruction and replacement
Stuff - 12-Jan-2019
I wonder what it may take to resolve such on-going issues with Unit Title Ownership and Body Corporate Rules - in general terms - when things "go-bad". This is not a new issue. But it is one that won't go away on its own, and when the next big-one hits a populous location with UT apartments.....
This report describes a post-earthquake situation that has become (seemingly) too complicated to resolve pragmatically.
Once you drill down it is really a no-win situation:
- the owners just want it resolved - quickly - yesterday (it is a shame they are dying before it is resolved
)- the owners will always have differing thresholds of "pain" wrt any settlement offer made
- the insurers will always want to minimise their payout, and so have made it the owners problem by not quite offering enough
- the lawyers will want to keep the argument going so that their fees are maximised
- the community suffers as the eyesore broken apartments sit awaiting deconstruction and replacement
Stuff - 12-Jan-2019