When incentive payments are made to minority owners to secure their consent to a collective sale, is the ‘good faith’ of the transaction impugned such that an application for collective sale will not go through?

When family members or friends co-fund the purchase of a property, disputes might arise over the beneficial ownership of the property if their intentions are not properly documented. Avoid the risk of protracted legal tussles by seeking competent legal advice.

As en bloc fever sweeps by again, unit owners should understand the processes and people involved in collective sales.