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Category: Strata Reform

Navigating Strata Urban Renewal: Commercial Gain vs Home Ownership

Strata, Strata Reform, eBooks

Posted 11 September 2016

One of the most important reforms effected by the act is the urban renewal mechanism contained in Part 10, which may permit collective sale redevelopment of strata schemes, without unanimous agreement…

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Strata changes affect investors and tenant

Strata, Strata Reform

Posted 21 August 2016

Pets get the green light but smokers will have to be careful. Important reforms affecting NSW strata investors and occupants will start on November 30. Investors and owner-occupiers need to unde…

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Savvy Investors see big profits in new Strata Rules

Strata, Strata Reform

Posted 12 August 2016

In just over three months NSW strata apartment owners will have more rights running, renovating and reselling their properties thanks to reforms expected to herald nationwide changes to property manag…

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Submissions on the Strata Schemes Management Regulation 2016 and Strata Schemes Development Regulation 2016

Strata, Strata Reform

Posted 17 May 2016

Submissions on the Strata Schemes Management Regulation 2016 and Strata Schemes Development Regulation 2016 Introduction This is a submission from Bannermans Lawyers addressing a number of issues …

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Strata Managers – New options for owners

Strata, Strata Reform

Posted 29 February 2016

The new strata laws that commenced on 30 November 2016 have made significant changes to the appointment and role of strata managing agents. Investment property owners also need to be aware of the chan…

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Will the new reform mean that Owners Corporations will now raise money to match their 10-Year Sinking Fund Plan?

Strata, Strata Reform

Posted 21 February 2016

Under the current legislation there is a requirement for owners corporations “to take into account” the 10 year sinking fund plan. Many schemes do not comply with this obligation in good faith wit…

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Strata Law Reform: Impacts on Strata Manager Agreements

Strata, Management Agreements, Strata Reform

Posted 21 February 2016

The new strata laws have made significant changes to the appointment and role of strata managing agents.…

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So what happens if the owners corporation does not fix the building? Is the 2015 Strata Reform going to assist?

Strata, Building Defects, Strata Reform

Posted 14 February 2016

Many owners face problems with strata schemes failing to repair and maintain the common property. These problems include: Loss of rent; Property damage to their lot property items; Relocation …

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