The leases seem to favour the developer.
Allow me to make a few assumptions and ask questions:
- If the grounds are not complete, how is he providing a service?
- Why is the management company not pursuing the developer to complet the scheme?
- As anyone approached the local authority to put pressure on the developer to complete?
- Is the developer abusing his dominant position in terms of either voting rights or setting up the leases like this?
- Has anyone approached the Fire Officer, if the escape rotues from the building are not complete and offering a level approach?
- Has anyone approached the Health and Safety Authority about leaving the complex in a dangerous and unsafe condition, if this is indeed the case?
Take good legal advice in relation to all of this before you make a move, because it could all end in tears.
Also who is marketing the scheme and why aren't the rest of teh units sold - are they compete and certified?
Just because we are in a recession you don't let standards slip or let developers off not mitigating their loss.
Is the guy in the ground floor who is paying less than a third of your annual fee is simply sitting on the rest of the units?
Is he in fact waiting for the economy to recover because of the way the finance and prospective ROI [return on investment] is structured.
There is a lot to look into there.
Tell us how you get on.
ONQ.
All advice on AAM is remote from the situation and cannot be relied upon as a defence or support - in and of itself - should legal action be taken.
Competent legal professionals should be asked to advise in Real Life with rights to inspect and issue reports on the matters at hand.