Blog

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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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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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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