A bespoke up-to-date strata management agency agreement template and proposal, tailored for your firm!
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A bespoke up-to-date BMC agency agreement template and proposal, tailored for your firm!
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A bespoke contract to enable service charges direct to owners who want that special service that the committee does not wish to pay for.
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A bespoke up-to-date community, precinct and neighbourhood agency agreement template and proposal, tailored for your firm!
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Contract between a strata manager and a developer for pre-registration services.
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A bespoke up-to-date building management agency agreement template and proposal, tailored for your firm.
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A tailored by-law for your renovation works.
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An agreement from the owners corporation to owners or occupants to supply amenities, such as, electric vehicle charging infrastructure, telecommunication services, window cleaning, garbage disposal and recycling services.
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Legal advice to inform you of the measures to take to properly balance the contract and make it legally compliant.
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Advice on the impact of the insurance and terms of the deed of release.
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Advice regarding losses following defective reports following property purchase.
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Posted 17 December 2015
Category: Strata, Strata Reform
A common problem for investment property owners, whose investment property is a strata apartment, is getting the owners corporation to properly maintain and repair the common property. This can involve an owners corporation lacking the funds required to undertake the works or simply involve inertia.
This is a particular problem for investment property owners, who don’t want to be unable to rent out their apartment or to realise its maximum potential rental. Further, they have obligations to tenants under residential tenancy laws and could be exposed to compensation orders for failing to ensure that the apartment meets habitability requirements under those laws, even if lack of maintenance by the owners corporation is the real cause of the problem.
The new strata legislation commenced on 30 November 2016. Broadly, the owners corporation is responsible for repair and maintenance of common property and can be compelled to undertake such works by an adjudicator’s order, but:
The key changes relevant to investment property owners under the new legislation are:
If you are having problems with these issues, you have options under the new legislation. We have considerable expertise in relation to such issues and can assist you.
***The information contained in this article is general information only and not legal advice. The currency, accuracy and completeness of this article (and its contents) should be checked by obtaining independent legal advice before you take any action or otherwise rely upon its contents in any way.