Quote:
Originally Posted by OrangeBlossomBaby
You might've missed it here in his post:
It appears that those three years were the last of the 8 years that the same rate was renewed.
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Thanks - you are bringing back memories. I do remember wondering if in real estate law there is a "right of persistence clause" would there not be something similar in this case. Also the the POA article revealed the AAC and the PWAC had the right to set the amount up to the CPI index separately. There was a lot of strong arming that went on to get the AAC to eliminate the deferral rate. It appears there may be some buyer's regret occurring.
Is there a legal requirement that the AAC has to act in concert to the PWAC?