Selling your business can be very stressful as you juggle the demands of both the business buyer and the owners in your strata scheme, while at the same time being under the time pressure of a looming settlement date. One way you can significantly reduce this stress...Read More
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
There are different kinds of strata meetings in NSW. Annual General Meetings The owners corporation in every strata scheme must hold at least one meeting every year. This is called an annual general meeting (AGM). Owners will discuss finances at AGMs. They will vote...Read More
If an owner proposes to make an improvement to common property, there are circumstances where the usual improvement approval requirements in the regulation modules will not be enough. Disposition Where an improvement proposed to be made to common property by an...Read More
Earlier this year, the Fair Work Commission found that a director and employee of a caretaking company were bullied at work and ordered each member of a body corporate committee, including any new members of that committee in the future, to undergo anti-bullying...Read More
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
BULLYING ORDERS AGAINST COMMITTEE Earlier this year, the Fair Work Commission found that a director and employee of a caretaking company were bullied at work and ordered each member of a body corporate committee, including any new members of that committee in the...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
CAN A BODY CORPORATE DEDUCT MONEY FROM A CARETAKER’S REMUNERATION? It depends on the terms of the caretaking agreement. Caretaking Agreement Some caretaking agreements allow the body corporate to recover the costs of rectifying a default of the caretaker by...Read More
