On 15 January 2015, the new amendments to the NSW Home Building Act 1989 introduced a new register for home owner warranty insurance (“HOWI”). The register records home owner warranty insurance contracts entered into after 1 July 2010. The team at J.S Muellers & Co Lawyers have written a useful update on this new home owner warranty…
Home warranty insurance generally protects an owners corporation from being out of pocket for the cost to repair building defects where the builder has been made bankrupt. In other words, home warranty insurance is intended to allow an owners corporation to be indemnified by the insurer for any loss it suffers as a result of incomplete…
The following article was written by Turnbull Bowles Lawyers. It explains the benefits of a Mediation compared to going to Hearing in relation to a building defects claim. It will help you evaluate what is the most suitable step for your building. If a Mediation does not take place between the parties or a Mediation is unsuccessful…
A national survey on strata-titled property conducted by Griffith University (QLD) shows, perhaps unsurprising, that surveyed unit owners named building defects as their No. 1 challenge. The other mains issues identified by apartment owners included poor strata title management and low-quality executive committees of owners corporations or body corporates. We at Premium Strata can assist you with all these…
You may be aware of the imminent changes to NSW Strata Legislation. As of 1 December 2014 the new strata laws will come into effect. Especially owners in buildings between 2 and 6 years old with building defect issues are recommended to speak to a strata lawyer quickly. The new laws will apply retrospectively, and will…
You may be aware that the NSW Government is proposing sweeping changes to the existing Strata Laws. The State Government has now released a so-called position-paper in which they outline their proposed changes. This law reform is aimed at protecting residents and at the same time simplify certain processes. This becomes increasingly important in NSW…
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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.
