A Guide to Owners Corporation Insurance – NSW
Owners Corporation Insurance can be complicated, leaving many Owners unclear about what the Owners Corporation responsibility is, what is covered by the Owners Corporation and what must be covered by individual Owners. In this article we will guide you through the different types of insurance and how they might apply to you. What insurance is […]
Owners Corporation Levies 101 – NSW
One of the benefits of living in an Owners Corporation is that each Owner contributes to the future upkeep of the property. It is important as an Owner, to understand your Owners Corporation levies. In this article, we will share financial tips to help manage the financial responsibilities of your Owners Corporation. What are the […]
Strata Meetings 101 – NSW
Effective Strata meetings are essential to the successful running of your Owners Corporation and ensuring that your scheme is running in accordance with its legislative obligations. Being prepared and efficient can make all the difference to your meetings and ensure your meeting is a successful one. In this article, our SSKB Owners Corporation Managers provide […]
Owners Corporation By-laws – NSW
One of the primary functions of the Owners Corporation is to regulate the use of the lots and Common Property within the scheme, for the benefit of all lot owners. The Owners Corporation does this by establishing and enforcing Owners Corporation by-laws. It is important that all parties involved understand their by-laws and the procedures […]
Owners Corporation Chairperson Responsibilities – NSW
In an Owners Corporation, a new Committee is elected at each Annual General Meeting by the Lot Owners. This Committee is responsible for the administrative and day-to-day running of the community, including making decisions on behalf of lot owners, and enforcing lawful decisions of the Owners Corporation. Committees are comprised of three executive members – […]
Owners Corporation Roles and Responsibilities You Need to Know – NSW
Every Owner of a lot in a strata scheme is automatically a member of the Owners Corporation. The Committee is made up of volunteer Owners from the Owners Corporation. Owners Corporation The Owners Corporation is made up of all the owners in a strata scheme. When you buy a property in a strata scheme, you […]
What is a Capital Works Fund? – NSW
If you live in an Owners Corporation in New South Wales, your scheme will be required to have a Capital Works Fund. The money in a Capital Works Fund can be spent on several different things such as: major painting to common property; basement car park marking; repair concrete roadways and driveways; replacement motor to […]
Renovating Apartments in Owners Corporations – NSW
The property industry in Australia has become so popular and competitive this year with property prices increasing in all states. For this reason, many are choosing to renovate project buildings rather than build new or buy ready to move in properties. However, in Strata communities approvals may need to be granted before you commence. If […]