February 2020 Newsletter
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PAPER CERTIFICATES OF TITLE HAVE BEEN ABOLISHED Dear Members, Just a reminder that their have been changes to the land titles system in NSW which include: The cessation of all Certificates of Title (for both lot and common property) 100% eConveyancing via the mandate of 100% of Real Property Act dealings for electronic lodgement through…

Premium Strata – Winners of the Strata Community Management Business – Medium Award We are proud to announce that Premium Strata was awarded the Strata Community Association Management Business – Medium award at the Strata Community CHU Awards of Excellence. These awards recognise businesses and individuals who make a significant contribution to the strata industry and community….

New Look Monthly Premium Strata Newsletter, information on contractors, dogs in apartments and the NRL finals CONTRACTOR MANAGEMENT The strata industry relies heavily on contractors to help maintain the overall appearance of buildings, along with routine service and maintenance of mechanical assets and common areas. Fire compliance, lift servicing, HVAC and plumbing generally make up…

STRATA INSURANCE UPDATE Dear Members, As we navigate through a hard insurance market there has been an update to Strata Insurance cover. The update includes what factors have impacted pricing and also how the strata market can be more accessible. There are changes to the following – Cladding Defects Catastrophic Events Continuing Growth of Strata Developments…

THE NEW STRATA HUB IS COMING SOON Strata Hub is nearly ready to go live! As you will have read from our previous newsletters, the NSW Government has introduced a new portal, Strata Hub, to enable ease of access to key information relating to strata schemes. There has been a delayed start date due to…

BUILDING REFORM GATHERS MOMENTUM-NEW INSURANCE FOR DEFECTS Building industry reform is now gathering momentum with the introduction of a new insurance product called Latent Defects insurance (LDI). Previously there was no insurance for structural defects with home buyers in the apartment sector. This insurance is not retrospective and applies to only new projects where…
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