You may have heard of the following terms mentioned in your regular strata related dealings: Strata Schemes, Strata Plan and Strata Title. You probably understand that these are all related, but how exactly, that remains a bit of a mystery.
In this article we will try and demystify this terminology for you. Continue reading here…
Question: One of our lot owners has experienced damage caused by tree roots from a neighbour. Who is responsible for the cost of the remedial works to the adjoining property, the strata neighbour or the strata body? Answer: What is within the lot owner’s boundary is the responsibility of that individual owner. However, it…
Question: For the purpose of calculating overdue strata fees, could you please advise when it is deemed that an electronic transfer of a Strata unit owners levy fee is deemed to have been paid? Answer: Funds are deemed received when the recipient may access funds. In our view, electronic funds transfers should be treated like…
Question: If a committee member submits a motion they have a vested interest in, shouldn’t they abstain from voting? Should the strata manager enforce this? Regarding the issue of a Strata Committee Member proposing a motion to the Strata Committee that they have a vested interest in, which constitutes a breach of conflict of…
Question: A single lot owner wants the owners corporation to install a stair lift for the use of her friends. It will not benefit any owner, will require ongoing maintenance and cause on obstruction. Answer: The Owners Corporation is entitled to object to such an installation provided they are reasonable. The Owners Corporation is…
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 last Thursday night. These awards recognise businesses and individuals who make a significant contribution to the strata industry and community. We are so proud of our…
Question: I am the sole committee person (Treasurer / Secretary and Chairperson) in our 7 lot scheme with one other lot owner as a committee member. He’s only concerned is his lot. How can I remove him from the committee? Our Strata consists of 7 units. I am the sole Committee person (Treasurer /…
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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.
