Last night a number of people (Miriam, Rainer, Sue, Marianne,
Donald, Juan, Warren) joined the directors to talk further about the
body corp rules.
We established that everyone
was wanting to produce a set of body corp rules that would satisfy the
desire of banks to see rules which are "standard in all respects".The
difficulty is to know what that looks like.
We
are sending these options to our lawyer for advice - he is back from
holiday on Monday and we will ask to meet with him as soon as possible
next week.
If option 1 is the way to go, most
of the content of our current rules will move to the Toiora High Street
Cohousing Membership Agreement. [This is not the body corp rules - we
are allowed to mention cohousing!] Warren will produce a further draft
agreement for us to go through on 30 January.
We know
that people need to be able to show the Body Corp rules to mortgage
lenders, etc. We are working hard to finalise these, but I hope you can
all understand that producing simplified rules is far from simple -
while we have been asked for 'standard' rules, these don't really exist.
As soon as we have received advice from our lawyer, we will use it to finalise the body corp rules.
A huge shout-out to Min, who has been working through this maze for so much longer than the rest of us. After a week of paying close attention to it, I am tearing my hair out. Thank you for your willingness to keep on with this work, Min, and to help us reach the outcome we all need.
I believe there is going to be a working bee tomorrow - details will be forthcoming, I'm sure. No, not the bricks, but some pieces of wood that need moving to allow access for some machinery. Watch this space!
Anne