You could see from the dated exterior that the condo was old. Perhaps your property agent, or even the mortgage banker, made a face when they saw the remaining lease. But whatever the case, the old property was perfect for you.
Perhaps it was just 500 metres from your children’s school; perhaps your parents lived just two streets over. Or maybe it’s just the thought of being able to wake up an hour later every morning, with work just across the road.
But whatever the case, all your renovations and moving in has proven to be for nothing. You’ve barely warmed the sofas before you hear the dreaded news: the other owners have agreed to an en-bloc sale.
And that also means being faced with some steep, unexpected stamp duties.
What can you do now?
The three main issues of an en-bloc sale right after moving in The Sellers Stamp