If you want the short answer, it is the Owner Corporation. To be sure of this for your building you should double check by reviewing two documents:- The registered strata plan What to look for: you are looking for a note on the strata plan that says something like the following “the lot is responsible […]
Category: Popular Posts
Training: 21 Things Ever Strata Committee Should Know – to avoid bad decision, angry owners, high levies and being sued
[three-fifths-first]Welcome you are about to embark on the strata committee training that addresses the most commonly asked questions about being a committee member and also the rarely shared pieces of advice and guidance that can help committee member protect themselves and make their committee run smoother. Basically, if you take on board the guidance below […]
Parking on Common Property NSW – how to stop it
Car Parks are still one of those high value assets in a building. And as public transport isn’t about to have a generational change or will our major cities be inundated with driverless cars in the near future car parking will continue to be a problem, especially parking on common property. We all know this […]
Make Strata AirBnB your new best friend
[one-half-first] [/one-half-first] [one-half]With the future of Strata AirBnB short-term letting still unclear in Sydney I urge all committees to get themselves prepared for a world where Airbnb stays and Council don’t enforce local planning restrictions on short-term letting. Now short-term letting is deemed to be a negative for resident owners and the property price for the […]
What is the Strata Committee’s job?
[one-half-first] [/one-half-first] [one-half] Despite everything you have heard the strata committee only has two jobs that they need to balance. Manage the expenses and levies of the strata building. Increase rental yield & market values at or above area averages. After all, if you have purchased an apartment that’s what you want. Achieve the, lowest […]
7 Rules for Strata Levies
[one-half-first] [/one-half-first] [one-half]Strata levies are the one contact point that a strata building has with each owner. While 100% attendance should occur at the AGM, we all know it doesn’t happen, not even close. This makes the management of levies and therefore expenses the single biggest duty of the committee and strata manager. When considering […]
7 things every Strata Committee needs to do in 2018
As we all face 2018 and residential apartment prices continue to grow in Sydney and New South Wales we have outlined the top must do’s for every strata committee in 2018. Every item below is a mini insurance policy for your buildings future and current value. 1.Facade Cladding The Grenfell fire in London made the combustible […]