Friday Quiz Time!

With strata communities in NSW adjusting to the major reforms that came in to effect on 30 November 2016, some frequently asked questions have started to emerge. Fair Trading NSW have listed the most frequently asked questions, and the answers. Test your knowledge of the new strata laws with the questions below! Q: Will some…

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Strata Law Reforms: By-law breach fines to increase

Jimmy Thomson from the Flat-Chat column has written an interesting article on the coming changes to strata by-law breaches. In summary, fines will double and for the first time these fines will typically be paid to the strata plan. If the offender reoffends within 12 months, the fines increase dramatically to thousands of dollars, creating…

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Q&A: Is there a limit regarding strata levy increases?

This is one from the archives: a LookUpStrata reader wanted to understand whether there are any restrictions regarding the increase of strata levies to boost a sinking fund, and whether there is a limit to the frequency at which special levies are raised. Read the full question, and our detailed response by following this link.

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Many of you already follow us through LinkedIn, Facebook and Twitter. We have now added a regular Newsletter to this mix. If you are interested in staying across the latest from Premium Strata and industry developments, why not subscribe to our newsletter today? Simply click the ‘Subscribe’ button at the bottom of our website, under the…

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Strata title management law changes seminar

On 23 February 2016, the Governance Institute of Australia hosts an information evening on the changes in Strata law. It covers important knowledge on current and future strata law; how the changes will impact you, explain strategies for dealing with the challenges of being in an Owners Corporation, go through what you can and can’t do with respect to your…

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Best Wishes from the team at Premium Strata!

The team at Premium Strata wishes you an enjoyable festive season and a healthy and happy New Year! Our office will be closed from Tuesday 22nd December 2015 and reopen on Monday 11th January 2016. Should there be an emergency during this period please refer to the emergency trade list located on the notice board within your…

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Letterbox theft in Strata Buildings

Michael Pobi from Pobi Lawyers has written an interesting article about the theft of mail from strata titled buildings. Whether letterboxes are part of Common Property depend on how your specific strata scheme was registered. The registered strata plan for your building will show you the common property boundaries and lot property in the scheme….

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NSW Government proposes 2% defects bond

As part of its update of various strata laws, the NSW Government is proposing a 2 per cent defects bond on all new strata buildings, as a way to protect owners and to guarantee that building defects which might appear in the first two years, can be re-mediated. This new measure is expected to be…

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How should Strata Meetings be run?

We have written a new article explaining how successful strata title scheme meetings, such as Annual General Meetings (AGMs) and Extraordinary General Meetings (EGMs) should be run. We cover the meeting notification, proxy’s, voting instructions, meeting quorums and typical strata motions you can expect to find on your agenda. Hit this link for the full article, and…

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