Disputes
Disputes How to avoid and what to do about them Strata schemes are a microcosm of society. Disputes occasionally occur because of divergent owner views, complex rules that apply, the substantial property and monetary interests that exist and the close living arrangements in medium and high density living. So finding ways to resolve disputes is […]
Pools
Pools Safety Almost 300 children under five have drowned in the past nine years, many losing their lives in swimming pools. As strata living becomes more attractive to families how can you make sure no child drowns in your strata’s pool? Maintaining the myriad of facilities which now are common in strata properties can be […]
Strata Audits
Strata Audits Why should we have an audit done? A strata audit provides peace of mind and assurance to the owners and managers of the strata corporation on the financial management of the strata corporation. An audit involves testing and reviewing selected transactions of monies received and expended throughout the financial year. At the end […]
What are By-Laws?
By-Laws What are by-laws and are they important? What are By-Laws? They are the rules governing issues that impact your block of units such as: • administering, managing and controlling common property and assets • regulating the use and enjoyment of lots, common property, assets, services and amenities They are also called articles, rules or memorandum. […]
Managing your Strata
Managing your Strata What is a Committee? The administration of an owners corporation may be undertaken on behalf of all the lot owners by a committee. This consists of a small group of lot owners who are elected at the Annual General Meeting of lot owners. Depending on the state or territory, the committee is […]
Buying into a Strata Scheme
Strata Scheme vs Owners Corporation – What is all this? What is a Strata Scheme? Strata is an Australian innovation in property law that has been copied around the globe. It allows individual ownership of part of a property (called a lot’ and generally an apartment or townhouse), combined with shared ownership in the remainder […]
