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NSW Strata Land Reforms

NSW Strata Land Reforms

The New South Wales Government has made changes to Strata laws. This is effective from December 11, 2023, aiming to create fairness and transparency. These reforms stem from the Strata Legislation Amendment Bill 2023. Which is in response to public consultations and recommendations from the 2021 Statutory Review of the Strata Schemes Development Act 2015 […]

4 Tips to Prepare Your Strata Building for El Niño – NSW

4 Tips to Prepare Your Strata Building for El Niño – NSW

El Niño is a prolonged weather event that brings drier and hotter conditions. The Bureau of Meteorology declared that an El Niño event is underway for Australia . Consequently, heightening risks of high temperatures and increasing the likelihood of natural fires throughout Australia.  In the wake of this declaration, it is important to be prepared […]

Who Pays for Repairs and Maintenance of Owners Corporation Property: NSW 

Who Pays for Repairs and Maintenance of Owners Corporation Property: NSW

Farewell to confusion—presenting your quick reference guide. The following determines who pays for repairs and maintenance of Owners Corporation property. Outlining the people accountable for covering repair and maintenance expenses within an Owners Corporation property.  When it comes to communal living, the Owners Corporation often shoulders the responsibility for maintaining common property. While the individual […]

Essential Guide to Strata Finance – NSW

Essential Guide to Strata Finance - NSW

Firstly, it is important to know what strata loans are:  What are Strata Loans?  In certain situations, an Owners Corporation may encounter unexpected expenses for emergency repairs or major remedial works.  Ideally, there should be sufficient funds in the Sinking Fund. Also known as a Capital Expenditure or Maintenance Fund, to cover such costs.   However, […]

The Role Of A Strata Manager- NSW

the role of a strata manager- nsw

The SSKB team of professional Strata Managers are fully equipped with the skills, knowledge and experience to successfully implement strategies to deal with the day-to-day operations of a Body Corporate or Owners Corporation community.  Sometimes people get confused about the duties of a Strata Manager.  Each state in Australia has different legislative requirements and terminology […]