Hello All,
I would like to come along to the informal meeting on the 29th January.

Can anybody tell me the name of the accountant who came to speak to us last meeting (from Chan and Naylor)?

Thanks

[biggrin]

Nikki K

I would like to say that I attended both meetings. Admittedly I wasn’t too thrilled after the first meeting, however the second meeting was excellent. Resi, we may not have formal agendas etc in place at the moment, however, considering we are starting off with nothing formally documented I think Len did a fantastic job guiding the meeting.

I think after last Sunday’s meeting it is obvious that we are definitely on the right track. Meeting with like minded people, even in a casual environment, allows you to feel comfortable in a world I am definitely new too. You can never gain too much knowledge.

When the time comes to get formal “expert” opinions / advice / direction, etc., I believe I will be able to approach these so called “experts” and feel confident in myself having researched and networked as much as possible.

What I am getting out of these meetings is confidence in myself to have a go, and I think with common sense applied the rest will take care of itself.

Nikki K

Hi Sparky

I will be going along to the Sydney Masterclass. Looking forward to it. See you there.

Nikki K

Hello

I have unfortunately experienced the joy of having our property encroaching on our neighbours. I live in the inner west in Sydney and our Terrace block is approximately 6 metres wide. We undertook extensive renovations back in 2001 which included putting a double garage/carport out the back – we have rear lane access. We did all the right things, had the survey done, went through council, the survey guy put string lines up etc etc. When we were watching the concreters preparing and laying the slab, all looked OK. When the brick walls went up, we specifically told the builder to come in a bit (just in case) so as not to have any dramas re boundaries in the future.

Our next door neighbours have recently starting renovating their house and they are building a garage/carport similar to ours. They too had a survey done, and as it seems our builders correctly place our wall on the boundary, however the concrete footings beneath the wall had encroached on their land approximately 10 centimetres. Well there I was standing in the rear lane with the neighbours builder arguing over 10 centimetres.

To cut a long story short, at the end of the day, we were in the wrong and the builder had every right to cut away 10 centimetres of concrete footing with a diamond edge blade.

So having experienced this first hand, I personally would never again get involved with any house which had potential issues re boundaries. It is very stressful and can be expensive.

I can’t remember the technical term used, all I know that you could grant your neighbour an “easement” (not entirely sure it this is the correct legal term). Basically means you are granting him permission to use part of your land. Whether that comes with a price, that I am not sure.

All I can suggest, is get the survey first, and then at least you will have clearer picture.

Good luck

Nikki K