Blog

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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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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Oct
19

DO YOUR LETTING APPOINTMENTS COMPLY?

In New South Wales there's no standard form for an Appointment to Let for short term lettings.

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Aug
22

ACCOUNTING MATTERS

It is extremely important that a purchaser of a business involved in the hospitality industry should seek taxation advice as to the best way in which the business should be acquired.

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Nov
30

PURCHASING MANAGEMENT RIGHTS?

Whilst a Management Rights business can offer attractive lifestyle alternatives, the purchase process can be littered with financial and legal pitfalls; this can be daunting for the first time buyer.

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Feb
06

LICENCE REQUIREMENTS

As you will be collecting rent for your investor owners you will need a Resident Letting Agent’s Licence (Queensland) or an On-Site Resident Property Manager’s Licence (NSW) to own and operate Management Rights.

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