20 OCTOBER 2019
Laws that allow property developers to appoint their relatives to long-term building caretaker contracts should be changed to better protect unit owners in the NT, the Owners Corporation Network says. It comes after residents in a Darwin apartment complex raised concerns that a company owned by the wife of the building’s developer was contracted to oversee cleaning, maintenance and repairs for $120,000 per year for 25 years.
Under the Northern Territory’s Unit Title Scheme Act, such caretaking agreements are permitted because there are no time limits on contracts or disclosure requirements to outline personal connections between the parties.
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