Blog

Jul
03

How Important Are Unit Entitlements?

Many people believe unit entitlements only exist to determine voting rights in the event a “poll” is called at a general meeting of an Owners Corporation.

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Apr
28

More Management Rights - the Simple Answer To Airbnb

Sydney Morning Herald columnist Jimmy Thompson wrote an interesting article in his Flat Chat column recently headed “Guerrilla warfare warning over holiday lets in apartments”.

Under current strata laws, an Owners Corporation can only legally ban short stay letting if its building is zoned residential. Under the proposal before Government, apartments (and stand-alone houses) in residential zones will be exempted.

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Apr
28

Fight For Your Extension

I have had a number of managers come to me very concerned their committee will not support an extension of their caretaking & letting agreements. They believe, if the committee does not support the “top-up”, any extension will not happen.

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Apr
28

How To Kill A Business Sale

I have often been involved in transactions where the seller gave the impression of making it difficult for the buyer to do perfectly reasonable investigations.

In a recent matter, the buyer wanted 14 days to do a few checks on the business. The seller agreed, but only allowed a 7 day period. The buyer felt he needed at least another week, given the nature of the enquiries and the distinct possibility they would not be answered within the 7 day period.

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Apr
28

BUILDING MANAGERS & COMMITTEES

Legally, Owners Corporations or Bodies Corporate are viewed as corporations. They derive their power from the relevant State strata legislation and by-laws. Like any corporate, they need to be able to delegate part of their decision-making authority – hence we have Committees.

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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

10 Year Agreements Are Here To Stay

The new strata laws in New South Wales will start on 30 November 2016. The laws will affect more than a quarter of the population of NSW. 

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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

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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Management Rights Articles

  • 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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