29 Jul 2015
THE INCORPORATED OWNERS OF MANDARIN COURT ARBUTHNOT ROAD v. GOLDBEACH INDUSTRIAL LTD
- Citation
- THE INCORPORATED OWNERS OF MANDARIN COURT ARBUTHNOT ROAD v. GOLDBEACH INDUSTRIAL LTD
- Court
- Lands Tribunal
- Case number
- LDBM110/2014
The tribunal held that the contingency fund was established to meet the same types of expenses already contemplated by the DMC (urgent/unforeseen repairs and shortfalls in daily management expenses) and therefore the DMC's management share ratio governs contribution; the applicant's claim based on undivided share apportionment was dismissed.