NSW: Q&A How long can member hold positions in executive committee?

NSW: Q&A How long can member hold positions in executive committee?

  Question: How long can a strata committee member or chairperson hold positions in executive committee? Also, can the committee engage designers without lot owners agreeing to this appointment? Answer: No this is not permissible. Only one of them can seek nomination. As you may know, the number of members is determined annually at each…

Attention Developers: Why you need a strata managing agent!

Attention Developers: Why you need a strata managing agent!

Strata Managers are trained professionals with the thorough knowledge and expertise required to ensure proper and timely compliance with a litany of legal, notice, meeting, accounting, capital works fund and administration fund monetary requirements relevant to your strata development. One-stop-shop With licenced strata manager, all matters relating to the scheme can be directed to one…

NSW: Q&A The Procedure for Appointing a New Strata Manager

NSW: Q&A The Procedure for Appointing a New Strata Manager

  Question: We are lot owners in a small 8 lot commercial strata building. What is the procedure for appointing a new strata manager? What happens if this procedure is not followed? Answer: It is critical that the termination of the current manager be effected strictly in accordance with the strata management agency agreement which…

NSW: Q&A Charging lot owners who use the visitor parking spaces

NSW: Q&A Charging lot owners who use the visitor parking spaces

Question: Some residents in our building use the visitor parking spaces as an additional parking spot. Is it possible to increase levies for these few residents and not all lot owners? Answer: First you need to ascertain from the development consent for the building exactly how many visitor parking spaces are required by law. Before…