Landlords Insurance in a Strata Complex
December 26, 2018Guest post by Kimberley Lundberg from Insurance Aid General Brokers If you own and rent a unit or lot in a strata managed complex, you might be tempted to think that the insurance your body corporate pays on your behalf (Strata Insurance) will protect you
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What Are Strata Loans?
December 5, 2018There are times a Body Corporate or Owners Corporation needs extra funds for emergency repairs or some unexpected major remedial works. Ideally there will be enough money in the Sinking Fund (also known as a Capital Expenditure or Maintenance Fund) to cover the work, but
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Now’s The Time To Be Storm Ready
December 3, 2018Australia is now in cyclone season which began on 1 November. So proactive strata communities should consider their storm readiness. The Bureau of Meteorology (BOM) has just announced the first cyclone for the season – Cyclone Owen – although a likely El Nino this year
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Strata Committee Spending Limits
November 28, 2018One of the responsibilities to fall on the shoulders of committees is ensuring that funds for the repair and maintenance of the property are correctly spent. And, not surprisingly, different states have different rules to follow. Victoria Victoria doesn’t nominate a spending limit and instead
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Who’s Responsible For Fences?
November 21, 2018Good fences make good neighbours, observed the poet Robert Frost. The same can be said for strata communities, where keeping fences in good repair keeps the relationship between neighbours sweet. So, whose responsibility is it to maintain fences? In Queensland and New South Wales, it’s
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What You Need To Know About Schoolies 2018
November 14, 2018The end of the academic year marks the beginning of Schoolies, where Year 12 school leavers let down their hair and descend on some of the country’s most popular holiday spots. High spirits and immaturity combined can cause headaches for owners and residents alike in
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Term Deposit Tips For Strata Communities
November 14, 2018One of the great things about living in a well-managed strata community is knowing your regular levies (called fees in Victoria) help future-proof your investment. In addition to the Administration Fund, which takes care of the regular expenditure items (such as gardening and cleaning of common
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Help! Where do I find my by-laws – QLD
November 7, 2018If you live in a Body Corporate community, the chances are you’ve heard of something called by-laws. By-laws are the rules of a Body Corporate that all the owners have agreed to abide by. The by-laws are voted on by all owners and they are
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Go Smart, Go Paperless
October 31, 2018Did you know that Tuesday, 6 November is World Paper Free Day? The Association for Information and Image Management (AIIM) initiative looks to raise awareness of how much paper is used (and wasted) in business. In Australia, less than half of the paper used ends up in
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Permission For Pets – Qld
October 24, 2018Pets are part of the family but it is completely understandable that a Body Corporate Committee might want to pause for thought, before giving the ‘paws up’ to a new addition to the neighbourhood. Most Body Corporate communities have specific by-laws which put specific conditions
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‘Paws’ For Thought Before Choosing An Apartment Pet
October 24, 2018With apartment living becoming the lifestyle of choice for an increasing number of Australians, it comes as no surprise to find an increasing number of buildings becoming more pet friendly. Australians have one of the highest rates of pet ownership in the world: About 62%
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Flammable Cladding Update
October 16, 2018Body Corporate Communities across Queensland have until March 29, 2019 to undertake a mandatory ‘combustible cladding checklist’. On Monday, 1 October the Queensland Government released the survey on the Safer Buildings web site. SSKB Co-Owner and Director Tim Sheehan shares important information for all Queensland
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Great Meetings Are On The Agenda – QLD
October 16, 2018Life is too short to spend in meetings, so anything that starts by getting issues on the table and ends with concrete actions on those issues is a good meeting indeed. We give you the inside tips on how to run an effective meeting. In
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Exclusive Use of Common Property – Qld
October 10, 2018Exclusive! Read all about it! Do you have exclusive use over common property? Are you sure? In the world of strata living, property is divided into two parts – a lot, which is typically the unit you’ve bought, and common property – which most commonly,
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Downsizing for Apartment Living
October 3, 2018Strata living is a great opportunity for empty nesters to maximise the capital gains on the family home and enjoy a rewarding lifestyle. While the 2016 Australian Census noted that people aged between 25 and 34 years are the largest demographic of apartment-dwellers at 21%,
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