PropertyInvesting.com | honeyocm | Activity https://www.propertyinvesting.com/members/honeyocm/activity/ Activity feed for honeyocm. Sun, 05 Apr 2026 04:13:59 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f81ea076d8dab4f31d45e2f09bc1ed86 honeyocm replied to the topic Risk of defaulting owners in a body corporate in the forum Help Needed! https://www.propertyinvesting.com/topic/4404516-risk-of-defaulting-owners-in-a-body-corporate/#post-4654324 Mon, 05 Mar 2012 11:49:56 +0000 In Victoria the manager has the power to service notices in accordance with the Owners Corporation Act 2006. If they've coordinated the agms correctly the OC can also resolve to charge interest in accordance with the Penalty Interest Rates Act. This is a very affective way to get owners to pay on time as the fees owing become more costly for them.…[Read more]

]]> a2d1189581d30320841636d27be5f2b6 honeyocm replied to the topic Add a bathroom in a 2 bed villa in the forum Value Adding https://www.propertyinvesting.com/topic/4405028-add-a-bathroom-in-a-2-bed-villa/#post-4657881 Mon, 05 Mar 2012 11:40:42 +0000 i all As stated in one of the posts. In victoria you are not required to get permission from the Owners Corporation unless the renovations you do to a lot is going to affect the outward appearance or enjoyment of the OC (e.g. installing a pink fence at the front of your lot or a massive satellite dish). Any renos within your lot should be…[Read more]

]]> 2d07c90a32a44f01ddcbf15cc62d77de honeyocm replied to the topic Help on my first purchase of a apartment block in the forum For future reference You https://www.propertyinvesting.com/topic/4405188-help-on-my-first-purchase-of-a-apartment-block/#post-4658864 Mon, 05 Mar 2012 11:34:08 +0000 For future reference You are entitled, by law, to request to view the owners corporation records such as minutes and financial statements. They Owners Corporation manager must provide this if requested. As detailed above, always obtain this information prior to purchasing as it may even give you negotiation power to reduce the price if the…[Read more]

]]> c555541665d2773784df421364ebbfc3 honeyocm replied to the topic Should I buy when there is no strata manager, no insurance....if I can buy it cheap?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405208-should-i-buy-when-there-is-no-strata-manager-no-insurance-if-i-can-buy-it-cheap/#post-4658969 Mon, 05 Mar 2012 11:27:46 +0000 Hi Marsmac  For future information on any unit you buy in Victoria, by law all Owners Corporations must  have strata insurance to cover them for public liability and the building. If owners have not paid then they are potentially legally liable for any cost incurred. So if the place burns down or if someone falls over and hurts themselves a…[Read more]

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