A common element of the quintessential Management Rights business model is the manager living in and owning a lot in the complex. For some complexes, the extra services that the owners receive from an onsite manager can be the deciding factor in why there is an onsite...Read More
The Strata Schemes Management Act in NSW was updated on the 10th of April 2020 and included a new ability for Owners Corporations to create a by-law that could prohibit short-term accommodation in strata schemes. For many managers operating short-term lettings...Read More
It’s human nature to avoid problems and leave them for another day. And it’s even easier to avoid a problem if you don’t even know it exists. Generally speaking, significant strata law changes occur at a sedate glacial speed. It is for this reason that people can be...Read More
Caretaking and building manager agreements generally require the caretaker to conduct regular maintenance and upkeep of the common property. This usually encompasses a requirement to perform small jobs that don’t require a special skill or trade like touching up...Read More
One essential but sometimes overlooked component of a Management Rights business is having a place to store your caretaking equipment. Most strata schemes will have an area designated for storage on the common property that the manager is generally allowed to use....Read More
Need extra term under your Building Management Agreement in NSW – but your Owners Corporation AGM is still a long way off? All is not lost; you just need to convene an EGM to get your motion passed. Different Ways to Convene an EGM You may request the Owners...Read More
