Quizzes & Puzzles48 mins ago
Housing Estates
I live in a gated community of 6 houses. 3 of the residents want a new project to build a wall, replacing a good fence, at the front of our estate costing 10K. I do not want the wall and therefore will not agree and pay. The chairman is saying that all he needs is a majority and that I would have to pay and agree. I am saying that my only responsility is to contribute funds for repair, maintenace or replacement of community areas and equipment. Who is right?
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For more on marking an answer as the "Best Answer", please visit our FAQ.In most cases the lease agreements is to maintain the fabric that was originally built. You would be expected to pay into a sinking fund or cough up for repairs and ongoing maintenance. However any expenditure that constitutes and improvement to the site would fall outside of the leasehold clauses unless it was very specifically covered. Have to say this is unlikely but you need to read your lease carefully