Category Archives: Strata Management

Developer-friendly strata managers (some are a problem)

By | Strata, Strata Management, Strata Schemes, Uncategorized | No Comments

What does the term “Developer-friendly strata manager” refer to? Simply, it is the idea that a Strata Managing Agent who has a close relationship with a Developer might not fully assist their client (the Owners Corporation) to take action against the Developer or Builder. This is particularly relevant with building defects, for which there are deadlines by which time certain actions must be undertaken if legal rights are to be exercised, or retained ready to exercise if necessary. It’s important to understand that not all Strata Managing Agents that accept appontments from developers are failing to help their client Owners…

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Ready or not, here it comes – Strata Schemes Management Act to Commence 30th November 2016

By | Strata, Strata Management, Strata Reform, Strata Schemes | No Comments

30th November has been announced as the commencement date for the new Strata Schemes Management Act 2015. Draft Regulations to support the Act were exhibited and the end of April 2016 with consultation closing on 27 May 2016, but but have not been finalised. This leaves strata managers, software developers, solicitors assisting the industry, and Owners Corporations themselves very little time to prepare. Indeed, many Agency Agreements recently entered into by Owners Corporations and Strata Managing Agents will extend well beyond the transitional provisions, but had to be drafted without the benefit of finalised legislation. http://www.domain.com.au/news/start-date-for-new-nsw-strata-laws-set-but-defects-bond-on-hold-20160707-gq16ss/

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Commencement of new Strata legislation deferred

By | Strata, Strata Management, Strata Reform, Strata Schemes | No Comments

The Commencement date for the Strata Schemes Management Act 2015 was initially expected to be 1 July 2016. We now understand that Commencement will not be until September 2016, at earliest. We are expecting the Regulations to the new Act to be released during March or April 2016, and hope to have more certainty about the Commencement date shortly thereafter.

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Renewing the Strata Manager’s contract?

By | Strata Management, Strata Reform, Strata Schemes | No Comments

A few people have recently spoken to me about other agents asking them to sign new 3-year contracts and describing them as a requirement of the new strata legislation, which is expected to commence on 1st July 2016. What is changing? Amongst other changes, when the new legislation comes into force Agency Agreements between the Strata Managing Agent and the client (Owners Corporation, or ‘OC’) will be limited to a maximum term of 3 years. After 3 years the Strata Committee, the replacement of what is currently known as the ‘Executive Committee’, would then be able to extend the appointment in…

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