Blog

Apr
28

How A Winner Becomes A Loser

The NSW Supreme Court recently handed down a decision which is of interest to many management rights operators.

A good reminder that Owners Corporations who argue that the operation of short-term lettings in buildings creates substantial wear on common property and substantial additional expenditure for Owners Corporations need to beware.

You judge – who’s the winner?

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Apr
28

SIX STEPS TO PROTECTING YOUR INVESTMENT

There are six (6) basic rules I believe a Building Manager needs to follow to ensure that their investment is protected.

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Apr
28

OCCUPANCY LIMITS

OCCUPANCY LIMITS

By-laws in NSW may limit the number of adult residents in a lot. The limit however cannot be fewer than two adults per bedroom and cannot contravene any planning approval or other applicable law.

The Strata Schemes Management Act 2015 (which commenced on 30 November 2016) provides tenants (whose landlords have provided a Tenancy Notice to the Owners Corporation as required) with the right to attend meetings of the Owners Corporation but not speak without the permission of owners.

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Apr
28

THE CHANGING FACE OF MANAGEMENT RIGHTS SALES

Management rights, like all industries, change and evolve over time. One of the biggest changes in recent years is changes to the sale process itself.

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Apr
28

THE TENANT REPRESENTATIVE

The current NSW Strata Schemes Management Act 1996 will shortly be replaced by new legislation which has introduced a novel concept of a “tenant representative” who will sit on the Executive Committee of the Owners Corporation.

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Apr
28

NSW STRATA LAWS START DATE

It’s on! The state’s much-anticipated and long-overdue strata reforms have a definite start date. November 30 is the big day so it’s an early Christmas present for some apartment residents – although some of the “gifts” may be less than gratefully received.

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Apr
28

STRATA LIVING - A Hotbed of Competing Interests

In nearly all strata schemes, there are different groups of stakeholders all with competing interests. Each of these groups has their own agenda of what they want from the strata scheme, and what they are willing to do or sacrifice to make that happen.

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Feb
10

WHAT DO WE DO FIRST?

Selecting a Management Rights business should not be a quick decision. It is important to research and discuss your circumstances with people who know and understand the industry.

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Feb
10

BEING AWARE OF YOUR RIGHTS AND RESPONSIBILITIES

Every resident building manager in NSW should have a copy of the booklet issued by the Department of Fair Trading titled “Strata Living”. If you live in a community titles scheme, then you should obtain the booklet titled “Living in a Community Scheme”.

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Oct
19

FINANCE DEEDS IN NSW

In Queensland, the “Gallery Vie” decision continues to cause significant problems when it comes to the sale or refinancing of management rights.

 

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