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
WHAT IS GALLERY VIE? What is Gallery Vie, and why is the caretaker wanting to vary the caretaking agreement? Gallery Vie is the name of a strata building which was involved in a 2015 Queensland Civil and Administrative Tribunal (QCAT) decision that...Read More
