In a post Covid world there appears to be far more inconsistency in the industry when it comes to short-term operators charging cancellation fees when bookings are cancelled. After a couple of years of significant pressure to not charge any cancellation fees and...Read More
Selling your business can be very stressful as you juggle the demands of both the business buyer and the owners in your strata scheme, while at the same time being under the time pressure of a looming settlement date. One way you can significantly reduce this stress...Read More
Different States have different requirements when it comes to obtaining Body Corporate consent to the assignment of Building Management Agreements and Letting Agreements. Obviously, an approval at Committee level will be dealt with much quicker than an approval...Read More
WHAT NOT TO DO AS A BUILDING MANAGER BACKGROUND A recent decision of the NSW Civil and Administrative Tribunal (NCAT) has provided Owners Corporations in NSW with what is now seen as a more “risk free” pathway to terminate a Building Management Agreement. Until...Read More
NEW DISCLOSURE REQUIREMENTS FOR NSW SALES and WHAT QLD BODY CORPORATE RECORDS CAN BE ACCESSED New Disclosure Requirements for NSW Sales Real Estate agents in NSW should be aware of a recent change to the Property and Stock Agents Regulation 2014 in...Read More
PROS AND CONS OF POOLED LETTING When an owner lets out their unit through an on-site letting agent, there are two ways that the owner’s letting income is typically calculated. These can be described as the “direct income” method or the “pooled income” method....Read More
