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Amended Response To Petition.pdf

d962e7_0c9f817a3f6244619e7bc361a29e0729.pdf
Preview of Amended Response to Petition
🔗 Source: joyceplacestrata.com
📊 Size: 1.87 MB
📄 Pages: 22 pages
⬇️ Downloads: 135

Summary

The Respondents oppose the granting of orders in paragraphs 1-15 of the petition, and consent to none. They are owners of commercial units SL9, SL10, and SL11 in the Joyce Place strata corporation. The units have been treated as commercial since 1993, with SL9 leased to a hair salon, SL10 leased to a grocery store and previously to the owner's business, and SL11 used for a restaurant. The owners rely on rental income from these units to fund their retirement or support their families. The strata corporation has had issues with urgent repairs and special assessments, including a $40,000 assessment for temporary shoring of the townhouses, which was not completed until May 2021. A purchase and sale agreement with Intracorp was entered in December 2019 and again in January 2021, with the latter not providing rights of first refusal or beneficial leasing options to the Respondents. The Respondents claim they will each receive over $100,000 less than the assessed value of their units under the January 2021 agreement.

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Description

The Respondents oppose the granting of orders in paragraphs 1-15 of the petition, and consent to none.

Technical Information

  • File Format: PDF
  • File Size: 1.87 MB
  • Pages: 22
  • Language: EN
  • Total Downloads: 135
  • Last Updated: 4 weeks ago

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