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
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, […]
Ultimate Guide to Strata By-Laws – NSW
If you are a resident or owner of a strata property in New South Wales, it is important to understand the strata by-laws that govern your building. First, let’s take a closer look at what by-laws are! Strata by-laws are a set of rules and regulations that are established by the owners corporation of a […]
5 Tips To Promote Sustainability in Strata – NSW
With climate change becoming more of a prominent issue so does its impact on our lot owners everyday life. It is so important communities living in strata titles know ways they can be a part of the solution to helping reduce our environmental impact. It can be hard to believe but every single person can […]
3 Steps To Deal With Noise In Strata- NSW
Everyone has the right to quiet enjoyment of their home. But what if your neighbour’s enjoyment is very noisy, ongoing, loud and intrusive? This isn’t fair and you shouldn’t have to put up with it. It is one thing to have noisy neighbours, but in close living arrangements such as strata living, the impact is […]
Guide To Owners Corporation Cladding- NSW
In June 2017, a vicious fire tore through London 24 Storey Grenfell tower, causing 72 fatalities. More recently, in February 2019 the Melbourne Neo 2000 building caught on fire from a lit cigarette on a balcony. The devastation was awful, and the tower was destroyed. After these events, stakeholders highlighted the issue of using highly […]
4 Tips To Reduce Levy Arreas in Owners Corporation Communities – NSW
Arrears is simply defined as, “money which is owed that was required by the due date.” The arrears process, or the collection of overdue contributions is a very important function in your Owners Corporation. It enables the Owners Corporation to meet its budget and maintain the cashflow required to meet the expenditure of the complex. […]
The Role Of The Building Manager?- NSW
Building Managers are sometimes referred to as caretakers, facilities managers or resident managers. They are vital for managing the day-to-day operational management of the Strata building and facilities. Unlike Owners Corporation managers, Building Managers are often located onsite with a dedicated office. Building Managers role is quite different to a strata manager. Building Manager […]
5 Simple Steps to Switch Owners Corporation-NSW
Are you unhappy with your current Strata Manager? They aren’t meeting your expectations? Your complaints aren’t being heard? No one returns your calls and answers your emails? Your property isn’t being maintained properly. There are many reasons why you would switch your strata manager. If you aren’t completely satisfied with your Strata Manager, you should […]
What Do Your Strata Fees Include?- NSW
ThIts firstly important to understand what Owners Corporation fees are? Paying Owners Corporation fees is a fundamental necessity of living in a strata scheme. When sharing a building and common property with multiple owners it is only fair that all evenly contribute to the upkeep and the running of the Owners Corporation. As an owner […]
