Strata Living

Changing Strata Management Companies – “Breaking Up is Hard to Do”

Article contributed by Tom Bacon, Principal Lawyer at Strata Title Lawyers   When most of us enter into personal relationships, there is a fairly evenly-distributed balance of power and autonomy, at least to start with. And when we do enter into these relationships, we expect them to last long-term. We also realise that when relationships […]

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Owners Corporation Victoria – Statement of Advice and Information For Prospective Purchasers and Lot Owners

What is an Owners Corporation? The lot you are considering buying is part of an owners corporation. Whenever a plan of subdivision creates common property, an owners corporation is responsible for managing the common property. A purchaser of a lot that is part of an owners corporation automatically becomes a member of the owners corporation […]

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Functions and Duties of an Owners Corporation Manager

In Victoria the majority of owners corporations elect to employ a professional management company to oversee and assist with finances, insurance, administration, meetings and maintenance.   An owners corporation may appoint a manager to carry out any powers or functions it is able to delegate (i.e. matters that require an ordinary resolution and that do […]

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Top 10 Causes of Building Leaks

Article contributed by Martin Speller, The Leak Professionals   Doing building maintenance work has provided some great insights about the buildings that we take for granted. The one standout is the number of buildings that leak. This list covers the most common causes, not necessarily in order of frequency. These are the items that come up again and again.   […]

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Update: Regulating Short Stay Accommodation

Article contributed by Anton Block, Partner at Kliger Partners   Short stay accommodation is a growing worldwide phenomenon.To date owners corporations have largely been unable to manage the use of lots within their owners corporations relating to short stay accommodation. This is an issue of substantial concern when the behaviour of the short stay occupants […]

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Alterations to Common Property by Owners Corporations

Article contributed by Anton Block, Partner at Kliger Partners   The key obstacle to an owners corporation carrying out a significant alteration to common property is the passing of a special resolution unless the alteration involves some element of urgency and the preservation of health and safety. Under section 52 of the Owners Corporations Act […]

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The Case Of The Runaway Body Corporate Manager (Melbourne)

  It starts with a phone or an email – a familiar story with a plot that plays out the same way.   How It Starts The group of 6 townhouses or that block of 10 apartments. The owners corporation manager (formerly known as body corporate manager) is either a sole trader or the local real estate […]

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Apartment or Townhouse?

Article contributed by Justin Dunne, Buyer’s Advocate, Independent Property Brokers.    As buyers advocates, we continually develop our investment strategies. We help our clients purchase and own property that is highly attractive to tenants and also attracts strong, consistent capital growth with as small a financial commitment as possible each week after rent has been […]

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Quick Guide to Leases and Licences over Common Property

Article contributed by Sylvia (Zdunek) Alekoz   Common property can be leased or licensed for a unit owner’s personal use, such as an area for a car park, storage space or a private courtyard. Ordinarily, your Owners Corporation manager will engage a solicitor to prepare the lease or license along with a diagram on the […]

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Could This Be The Reason Why Your Body Corporate Fees Are So High?

The recent uproar over certain politicians misusing entitlements was, for me, reminiscent of what can sometimes occur within Owners Corporations (formerly known as body corporates).   Strata owners contribute quarterly funds for the operation and upkeep of their building. Most owners corporation engage and employ a professional Owners Corporation Manager (formerly known as body corporate […]

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