PropertyInvesting.com | Zenetti | Activity https://www.propertyinvesting.com/members/zenetti/activity/ Activity feed for Zenetti. Fri, 10 Apr 2026 05:26:11 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1093d0da07f53220acb2c75d88ffb549 Zenetti replied to the topic Can an owners corporation purchase property outside of its subdivision? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403971-can-an-owners-corporation-purchase-property-outside-of-its-subdivision/#post-4650072 Tue, 21 Jun 2011 03:27:07 +0000 Thanks gents, I work for a large commercial builder, hence my advice has come through our own legal channels.

Not to worry, I still have a few ‘pins’ yet!

]]> 505da664a5e58a9862f44db2c5fe95fc Zenetti replied to the topic Can an owners corporation purchase property outside of its subdivision? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403971-can-an-owners-corporation-purchase-property-outside-of-its-subdivision/#post-4650067 Sun, 19 Jun 2011 04:19:36 +0000 Thanks Anthony and Scott.

Currently the unit is owned by the developers business.

This will eventually be transferred into the OC once it has been established.

As a collective we have a few avenues we are pursuing, as we are trying to limit our exposure I will not go into detail.

I know he will not walk away, this particular developer has…[Read more]

]]> 95b74c2c844af318b1a1ba7d1b1e9c34 Zenetti replied to the topic Can an owners corporation purchase property outside of its subdivision? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403971-can-an-owners-corporation-purchase-property-outside-of-its-subdivision/#post-4650064 Fri, 17 Jun 2011 07:05:47 +0000 Well I met with our legal council, and what the developer is doing is completely LEGAL.

An owners corporation can purchase property that is outside of its subdivision.

Furthermore this will make it impossible should we all decide (barr the apartment owned by owners corp for the building behind) to modify, build up, or sell collectively to a…[Read more]

]]> 5790e0a6cce8230c182336c03fa9b0c1 Zenetti replied to the topic Sale of Airspace/Air Rights in the forum Help Needed! https://www.propertyinvesting.com/topic/4403597-sale-of-airspaceair-rights/#post-4647471 Wed, 11 May 2011 13:20:34 +0000 I’m not in a mad hurry to be entering into negotiations. Ultimately any developer will want to maximize his profit and I know he will want to start selling them. So he still needs the other 14 owners to agree. The other thing I need to consider is developers are renowned for falling over so the last thing I want is the tower not to go ahead and…[Read more]

]]> a4371382ed9116b97c7fc19d0abf4563 Zenetti replied to the topic Sale of Airspace/Air Rights in the forum Help Needed! https://www.propertyinvesting.com/topic/4403597-sale-of-airspaceair-rights/#post-4647469 Wed, 11 May 2011 09:26:11 +0000 Thanks for your advice Anthony, this is what I am seeking. From the information I have been able to obtain the value of the developers apartments with guaranteed views would increase values by 150 – 200%

I feel the true value for the airspace would be a % of the projected increase of the apartments. This I would envisage be done via sworn…[Read more]

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