The Queensland Government has announced a review into the state’s property laws including the Body Corporate Community and Management Act 1997 and other community titles legislation including body corporate governance issues. The review period ends on the 22nd of February. This follows on the heelsRead more
Welcome to the final edition of our ten part series discussing the most commonly misunderstood issues related to strata living. 10. How is money recovered when an owner becomes bankrupt? During times of financial difficulty for lot owners; bodies corporate and owners corporations can oftenRead more
By Tim Sheehan
The City Futures Research Centre of the Faculty of the Built Environment in the University of Sydney (which I will call the C.F.R.C.F.B.E.U.S. for short – I’m joking) has recently published a report entitled Governing the Compact City, authored by Dr Hazel Easthope, Bill Randolph, Prof Jane Marceau and Dr Raymond Bunker.
Many lot owners find it increasingly difficult to pay their body corporate contributions by due date. In some circumstances the body corporate committee can approve reasonable payment plans to assist owners who find themselves in financial hardship. However, there are a number of pitfalls owners must be aware of before entering into a payment plan.Read more