The by-laws for a strata scheme are often an essential component of the onsite manager’s business and can add a lot of extra value to the business by granting exclusive rights to the onsite manager. It is very common for the by-laws in a strata scheme to be overly...Read More
One of the most common duties you will find in a caretaking agreement is an obligation on the manager to keep safe all the keys (fobs, swipe cards etc.) needed to access the complex. The manager is required to store the keys securely and only share them with persons...Read More
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
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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
Your letting appointment with owners must clearly set out in detail all fees and charges you propose to make to your owner. This document forms the core basis of your relationship with owners in your letting pool. We often see managers who want to keep their...Read More
