Click here to call us +61 2 9929 0226
Posted 31 January 2018
The Strata Schemes Management Act 2015 (“SSMA”) distinguishes large schemes (schemes with more than 100 lots) and other schemes, applying different rules to each. Two lot schemes fall into the “other schemes” category, but are subject to some special rules, reflecting the challenges referred to above.
The key rules specific to 2 lot schemes are as follows:
Two lot strata schemes should consider two key issues:
We have considerable experience with these issues and could help you pre-empt difficulties in this area.
***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.