Body Corporate By-laws 101 – QLD
One of the primary functions of the Body Corporate is to regulate the use of the lots and Common Property within the scheme, for the benefit of all lot owners. The Body Corporate does this by establishing and enforcing by-laws. It is important that all parties involved understand their by-laws and the procedures and applications […]
What You Need to Know About Common Property – QLD
Common Property is a term that you will hear often if you are living in a Body Corporate. In this article we will discuss ownership of Common Property, maintaining Common Property, using Common Property, exclusive use of Common Property, and making improvements to Common Property. Common Property is the property within the scheme that does […]
The Purpose of the Body Corporate – QLD
When first purchasing in a Body Corporate, many questions arise. Who is the Body Corporate, what is the purpose of the Body Corporate, how is the Body Corporate financed, how does the Body Corporate make decisions and more! SSKB Community Manager and Team Leader stated, “For any new owner, I would stress the importance of […]
Rate Hike Set to Impact Brisbane Short-Term Accommodation Properties
The Brisbane City Council has warned property owners who list their homes on sites like Airbnb as short-term accommodation properties will be hit with a 50 per cent rates hike. Brisbane homeowners who list their properties as short-stay accommodation will be faced with two choices – return your home to the rental market or pay significantly higher […]
Your Role as a Lot Owner in a Body Corporate – QLD
If you are new to living in a Body Corporate, you may be wondering what your role as a Lot Owner involves. The team at SSKB have broken down your responsibilities into 5 points: Ensuring you are on the Body Corporate Roll Submitting a Motion Maintenance of Lots and any Exclusive Use Common Property Paying […]
Buying into a Body Corporate – First Home Buyer Edition
By Abbie Riddell I have been living in the suburbs, about 30 minutes from the Brisbane CBD, for the past 2 years. While I was close to friends and family, I really missed being in the hustle and bustle of city life. Recently it became time for my husband and I to purchase a place […]
Body Corporate Roles and Responsibilities You Need to Know – QLD
Every Owner of a lot in a community titles scheme is automatically a member of the Body Corporate. The Committee is made up of volunteer Owners/Representatives from the Body Corporate. The Body Corporate Legislatively, Bodies Corporate performs a limited purpose. They must: Administer the common property and the Body Corporate assets for the benefit of […]
What is a Body Corporate Sinking Fund? – QLD
When it comes to sinking funds, we have heard it all. From “why do I need a sinking fund, my building isn’t sinking” and I guess you can imagine the rest! If we weren’t in the Strata industry, chances are we would have thought similar things. In this article we will share all you need […]
Body Corporate Terms Explained
If it is your first time living in a Body Corporate, there may be terms you will come across that are unfamiliar. The team at SSKB have put together some helpful to know technical terms that are associated with running an effective and efficient Body Corporate. Administration Fund This is primarily to cover the annual […]
The Best App in Strata
I’m sure you would have heard 100 times from a variety of businesses that they have had to change the way they operated due to the challenges presented by the pandemic. Many businesses are referring to this as the ‘new normal’. While you may have heard this 100 times, it is true. Businesses have had to adapt to lockdowns, travel […]