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On 30 June 2022, the Strata Schemes Management Amendment (Information) Regulation 2021 ("the Regulation") will commence. The Regulation amends the Strata Schemes Management Regulation 2016. The Regulation will impose new reporting requirements on owners corporations...
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Is ‘Location’ Everything When It Comes To Property?
When the housing market is booming, buyers will compete for practically any available property. When the party's over, only the savviest homebuyers will be left with the most valued property that also depreciates at a far slower rate of depreciation, according to...
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Owners Corporation: Capital Works Fund and Administrative Fund
Most strata owners often tend to fail in managing their budget due to a lack of planning and understanding of strata by-laws in Sydney. To understand and manage your owners corporation operating budget you require in-depth knowledge and understanding of every aspect...
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Identifying Common Property in a Strata Scheme
Strata title is a type of property ownership that allows you to buy ownership of certain parts of a property or parcel of land or building. Individuals owning a lot within a strata complex are called "lot owner". A lot owner of certain parts of a property or parcel of...
read moreNew community schemes laws to commence on 1 December 2021
On 1 December 2021 the following new community schemes laws will commence in NSW: Community Land Management Act 2021 Community Land Development Act 2021 Community Land Management Regulation 2021 Community Land Development Regulation 2021 The new laws were designed...
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Update To The NSW Design and Building Practitioners Act 2020
The NSW Parliament passed the Design and Building Practitioners Act 2020 (NSW) in June 2020 after severe building defect issues with Mascot Towers and Opal Towers came into the limelight. The much-anticipated act originated from the NSW Government discussion paper...
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Understanding Your Rights In Case of Defects in Your Apartment
In Australia, many are preferring to own a unit in strata or apartment building. In Australia, almost half of all homes built today are units. Apartment buildings are increasing day by day as more people are preferring to live near inner cities. According to the...
read more10 Reasons Why You Should Consider Seeking Legal Advice and Representation in NCAT Strata Disputes
1. To avoid the risk of missing time limitation periods for some causes of actions Section 106(5) of the Strata Schemes Management Act 2015 ("the Act") states that "An owner may not bring an action under this section for breach of a statutory duty more than 2 years...
read moreSection 137B of the Strata Schemes Management Act 2015 set to commence on 24 August 2021
From 24 August 2021, new section 137B of the Strata Schemes Management Act 2015 will mean that owners corporations will not be able to have a by-law which unreasonably prohibits the keeping of an animal on a lot. It will be deemed reasonable to keep an animal on a lot...
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