In the wake of the devastation of the London Fire, NSW Fair Trading is taking action concerning non-compliant aluminium cladding. Such action will include legal reform to give effect to: Bannermans Lawyers have written a useful checklist for those who are concerned that they may have non-compliant aluminium cladding inappropriately installed in their building. You can…
A LookUp Strata reader in NSW wrote about their Strata Committee who pay themselves an undisclosed amount for activities performed, which is never itemised in the financial statements. The reader wondered whether the Strata Committee can pay themselves these undisclosed sums, and ignore Section 46 of the Act, and overriding the committee decision making process? In…
A LookUpStrata reader wanted to understand whether their Strata Committee chairman could perform the role of caretaker without a written or binding contract, as agreed by the strata lot owners of the building. In summary, complex legal issues arise here, the most alarming of which is whether or not the “caretaker” is insured and if…
A LookUpStrata reader wanted to know more about the implications of not having a licensed NSW strata manager. The reader wondered whether their contract which was signed with a licensed agency is still legally binding because the Strata Manager managing their building was not licensed. These issues are governed by the Property Stock & Business Agents Act, 2002,…
Smoke detectors have an effective ‘use by date’ and back-up batteries should be checked and replacement frequently, however the entire unit usually needs to be replaced after 10 years. A LookUpStrata reader wanted to know who is responsible to ensure that the smoke alarms in strata units are operational, and who is responsible for the replacement and…
In the case of sole trader Strata Managers (one person), how does the Executive Committee gain access to the Strata Trust Account if their strata manager passes away? In brief, the Unclaimed Money Act 1995 (the Act) now applies to unclaimed money held in a trust account under the Property, Stock and Business Agents Act 2002. The Office of Fair…
Sign up to our newsletter tor receive updates and news.
