BUILDING REFORM GATHERS MOMENTUM-NEW INSURANCE FOR DEFECTS Building industry reform is now gathering momentum with the introduction of a new insurance product called Latent Defects insurance (LDI). Previously there was no insurance for structural defects with home buyers in the apartment sector. This insurance is not retrospective and applies to only new projects where…
BUILDING REFORM GATHERS MOMENTUM-NEW INSURANCE FOR DEFECTS Building industry reform is now gathering momentum with the introduction of a new insurance product called Latent Defects insurance (LDI). Previously there was no insurance for structural defects with home buyers in the apartment sector. This insurance is not retrospective and applies to only new projects where the…
Strata Insurance Update Dear Members, As we navigate through a hard insurance market there has been an update to Strata Insurance cover. The update includes what factors have impacted pricing and also how the strata market can be more accessible. There are changes to the following – Premium Strata will always bring you the most up-to-date…
Halloween, how best to run in a strata building Halloween is a great time for kids and the community to get together and share some treats. Living in a strata building can be tricky as access can restrict the children from trick-or-treating door to door. Strata communities are coming together so the residents living in…
New Look Monthly Premium Strata Newsletter, information on contractors, dogs in apartments and the NRL finals CONTRACTOR MANAGEMENT The strata industry relies heavily on contractors to help maintain the overall appearance of buildings, along with routine service and maintenance of mechanical assets and common areas. Fire compliance, lift servicing, HVAC and plumbing generally make up…
In a previous article, we wrote about the possibility for a strata titled building to be self-managed, rather than appointing a strata managing agent. Owners Corporations are legally entitled to manage their own affairs, however usually owners either do not have the required expertise, time or are willing to take on this responsibility. In this article, we will…
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Premium Strata is Sydney’s only Diamond-Class strata management agency. Located in Mascot, but servicing the entire Sydney Metropolitan area, our unique service features provide a comprehensive solution to the needs of both strata and community living.
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