Jun 30, 2016 | All Things Strata
The amendments in the Strata Schemes Management Act 2015 are proposed to take effect from 1 July 2016. Accordingly, Developers who commence construction after 1 July 2016 are likely to be impacted by these changes. Developers will have new obligations with respect to...
Jun 23, 2016 | All Things Strata
Buying a strata unit “off the plan”, before it has been built, has long been common. As compared with buying an existing property, there are many potential benefits, e.g. good pricing offered by developers needing to satisfy finance requirements, potential capital...
Jun 7, 2016 | All Things Strata
If your strata scheme is self-managed, contact the Chairperson of the committee. If there is no committee, ask the other owners who the go-to person is. If your strata scheme is managed by a strata manager, contact them. However, it’s very important to understand that...
May 24, 2016 | All Things Strata
Strata managers are engaged by the strata scheme’s owners committee to manage the day-to-day affairs of the scheme. Strata schemes are becoming larger and more complex. Strata managers provide services and advice on: • Financial management • Insurance • Clerical...
May 10, 2016 | All Things Strata
The administration of an owners corporation may be undertaken on behalf of all the lot owners by a committee. This consists of a group of owners elected at each Annual General Meeting who represent all the lot owners of the strata scheme, and is charged with making...
