Tenants attending strata meetings

The team at Bannermans Lawyers have written this article summarising the requirements and rights of tenants in strata titled buildings: A lot owner is required to lodge a tenancy notice with the owners corporation/managing agent if it leases the lot, as is the lessee if the lessee subleases. The owners corporation/managing agent must record that information in…

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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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NSW Government introduces new laws to protect consumers

The NSW State Government is introducing strata law reforms to protect buyers of off-the-plan strata apartments against developers who rescind their contracts and reselling near completed properties for inflated prices. These are commonly known as ‘sunset clawbacks’. There have been occasions where developers exploited loopholes in existing laws intended to protect consumers. The existing contracts allow developers, legally,…

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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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NSW Strata Law Reform Update

The state government is going ahead with its strata law reform. This article covers some of the proposed changes. The draft Strata Schemes Management and Strata Schemes Development Bills, available on fairtrading.nsw.gov.au, will be open for feedback until 12 August. Final bills will be introduced to Parliament later this year.  

Update: NSW strata law reforms delayed again

Representatives of strata managers (SCA-NSW), the Real Estate Institute, strata owners (Owners Corporation Network) and developers (Urban Taskforce and Property Council of Australia) have met with the new NSW Fair Trading Minister Victor Dominello. The proposed reforms that were originally due to come into force in July last year, have now been delayed again. It is likely…

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Annual fire inspections, what to watch out for

Building owners will be familiar with the legal requirement to lodge a fire safety statement with the local council and fire brigade every year. The process usually involves a fire services contractor attending the building, inspecting and testing fire safety measures and certifying they are compliant or recommending work to make them compliant, and once…

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Update on new NSW Home Building Amendment Act

The NSW Department of Fair Trading announced that the NSW Home Building Amendment Act and Regulations will commence in two stages. Most changes commence on 15 January 2015. Further amendments concerning contract requirements will commence on 1 March 2015. For details on which changes are implemented, and when these will be implemented, please hit this link from the DFT.  

Four weeks left to make building defects claims

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…

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NSW Strata Reform Position Paper Released

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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