NSW: Q&A Monitoring the Owners Corporation During Strata Purchase

NSW: Q&A Monitoring the Owners Corporation During Strata Purchase

Question: When a strata property is sold, who is responsible for updating the strata ownership records? Is it the vendor or the purchaser’s responsibility? This is both the vendor’s and the purchaser’s responsibility. During the conveyancing process a “strata interest notice” pursuant to Strata Schemes Management Act 2015 (NSW) – Sections 22, 258 and 259 will be prepared for both parties and…

NSW: Q&A How do we Deal with Strata Manager Complaints and Bullying?

NSW: Q&A How do we Deal with Strata Manager Complaints and Bullying?

Question: If the strata manager gives incorrect advice causing a monetary loss to the owners corporation, what remedy is available to the OC? Generally, the strata management agency agreement between the Strata Management Agency and Owners Corporation will set out the liability of the agent in performing services under such agreement. Under the Strata Community Australia (NSW)…