UNDERSTANDING THE DIFFERENCES BETWEEN OLD SYSTEM, TORRENS, COMPANY, STRATA AND COMMUNITY TITLES IN NSW There are different title systems for ownership of property in NSW. The following is a snapshot summary of the different ownership. Old System Title In the early...Read More
FROM THE GROUND UP – THE APPLICATION OF NEW STRA LAWS IN NSW About a year ago, some operators of short-term rental accommodation (STRA) in New South Wales started hearing a strange noise in the air and naturally assumed it was the sound of the sky falling. As the...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
Who Pays the Costs to Defend a Defamation Claim Involving Committee Members? Committee members naturally think that any claim made by or against them while performing their duties should be defended, at the cost of the body corporate (or its insurer). However,...Read More
FIXING THE LOTTERY THAT IS BUILDING DEFECTS IN NSW STRATA BUILDINGS We have all heard about the appalling building defects that have occurred in a number of new strata buildings in Sydney in recent years. Complexes such as “Opal Tower” and “Mascot Towers” are...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
