Ban Unanimous Resolutions for Buildings at the end of their life.  Debt laden Owners can't sell because 1 Owner refuses to sell.  Our Owner Corporation owes $5million in debt but we cannot sell because we cannot get a unanimous resolution by all Owners to sell.

The Owner Corporation Act 2006 in Victoria needs to be changed.  It has caused myself and the Owners of Belchers Corner over 5 years heartache and financial distress.   We had a building that had to be demolished because unfortunately was structurally unsound and sadly at the end of its life.  The building is in Plan of Subdivision that has 27 lots (19 Owners). 

The Geelong City Council demolished the building and it cost us $4.1m in demolishing and stabilising fees because we couldn’t get the Owners agree to pay for works. And steadily the debt has been climbing.  At the moment our Owners Corporation has debts of over $5m.

It’s taken 5 years to resolve and still not resolved.  We have a purchaser who is ready to buy but because we need unanimous resolution to sell we can’t finalise the sale. 1 Owner refuses to sell and we can’t sell individually.

It’s an absolute nightmare with no end in sight.  I am wanting to raise awareness for people that this can happen in Victoria because of our Owners Corporation laws.

The laws are not designed to help people when a building is at the end of its life.  I want to warn people about this mess.  The $4.1m by Council has never been substantiated by invoices.  It has ruined many people and we are deeply traumatised by the whole experience.

Please sign my petition to lobby the State Government to change the Owners Corporation Act 2006 to allow for majority of Owners to be enough to enable a sale instead of unanimous resolution when it is clear that the Owners Corporation is in administration and incapable of agreeing.  I want all potential property owners to be warned that a tragedy like this can occur and something to be avoided.  Thank you, Leighanne