Condo owners ask would-be renters to boycott building
Saint John couple say they were misled by developer
CBC News
Posted: Dec 20, 2012 12:00 PM AT
Last Updated: Dec 20, 2012 7:43 PM AT
A couple that bought a condominium in this renovated Saint John building say they were misled by the developer. (Courtesy condodispute)Residents of a condominium in uptown Saint John are calling on potential tenants to avoid renting units in the building.
Three years ago, Leon Hull and his wife Marlene, bought one of six renovated condominium units at 247 Germain Street with the expectation the rest would be sold to long-term owners like them and that an exterior wall would be fixed.
But since then, the developer has sold only one other unit, rented out the other four — and the wall still needs repairs.
'I can't change the markets.'—Terry Cormier
The Hulls — who paid $200,000 for their unit — say they now feel misled and are asking renters to boycott the building.
"We've been here over three years now, it's still in the same state of disrepair," Leon Hull said.
"I didn't expect to be having to fight my golden years with a developer that wasn't honest with us."
But developer Terry Cormier said he's under no obligation to sell the units, especially in a stale market.
"I can't make the units sell, right? If I could I would have sold them a long time ago. I'd be happy to sell them. But I can't change the markets,” said Cormier.
He said he was left with no other choice but to rent them after they weren't moving.
Cormier also said he's in no rush to sell and will need to move all the remaining units before repairing the building's exterior.
Hull said he asked Cormier how he plans to do that and told him: "You have an obligation to us, number one, to keep those on the market.”
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