Debt recovery and strata lot owner goes missing?
A strata lot owner goes missing when council rates and strata levies were owed. What happens, you might wonder?
This is essentially what has happened in the case of Council of the City of Sydney v Baboon Pty Limited [2020] NSWSC 1480. Council rates were owed to Council (the plaintiff) of around $9,500 and strata levies were owed to the owners corporation of around $26,000 (second interested party). As you may know, both Council and the owners corporation have the power to “force sell” the strata unit to recoup their respective fees and costs, whether or not the owner can be found. In this case, the strata unit owner cannot be found and so, Council in this instance decided to proceed with the sale. The property was sold to (and purchased by) Baboon Pty Limited (third interested party) for $136,000 in November 2018. [...]
