SAME, SAME – BUT DIFFERENT? TOP UPS AND EXERCISING OPTIONS Tenure is critical to the success and value of your Management Rights business. The length or duration of your agreements is usually called the “term” and your “total term” might be a single period, e.g....Read More
Fundamentals • An owners corporation in NSW cannot stop an occupier from having a pet in their unit, as long as it does not disturb other residents; • However, tenants need permission from their landlord to own a pet. A landlord can refuse to allow a tenant to have a...Read More
REAL ESTATE LICENSING AND BUILDING MANAGERS IN NSW As you would be aware, there is no licence required to carry out Caretaking duties, but you do need a real estate agent licence to sell, lease or manage real estate on behalf of owners. Since late 2021, there are now...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
NSW COVID-19 MEASURES FOR STRATA AND COMMUNITY SCHEMES EXTENDED The NSW Department of Fair Trading has recently announced that the State Government has extended its temporary COVID-19 emergency measures for strata and community schemes to 29 September 2022. This means...Read More
NSW SHORT TERM RENTAL ACCOMMODATION (STRA) – FURTHER UPDATE The NSW Department of Planning and Environment has recently clarified its views in relation to the application of the State – Wide Short term Rental Accommodation (STRA) planning laws. You may...Read More
