Our popular ebook, Understanding Company Title, is now up to its Fourth Edition and includes:
- The basics of Company Title, including house rules and common property,
- Things you should know about buying and selling shares in a Company Title building,
- Governance and Management, the board and running a good general meeting,
- The obligations of directors, and maintaining company records,
- Rights, duties and disputes,
- And much more…
Use the form to download now, and receive updates as laws and requirements change.
Purchasing property can be a big deal. Unfortunately, the antiquated language of ‘land law’ has made purchasing property complicated for first timers. If you’re ‘in the market’, no doubt you will have come across an endless stream of legal terminology that has no use in everyday language (see ‘demise’, ‘fee simple’, or ‘title’). This article sheds some light on one of the most important terms that applies to many new properties: ‘strata title’.
There are three kinds of company title owners: those who don’t know how it differs from other ownership schemes, those who do know but don’t know the implications this has, and those who understand both. Unfortunately, those of the third type are few and far between.
If you are a company title director for any extended length of time, there is a good chance that you will eventually receive a proposal for major renovations to a home unit. Dealing with renovations can be tricky for several reasons; the most obvious being that the building itself may be devalued if the renovations are overly disruptive or carried-out incorrectly. Unfortunately, it will be the volunteer members of the Board of Directors (the Board) that must deal with the ensuing outrage of the building’s occupiers.
Whether or not you own pets, everyone wants to feel safe and comfortable in their own home. For Company Title buildings, putting in place a well-considered policy that deals with pets is essential to avoid messy disputes arising around fairness, impartiality, and even discrimination. But how does a Board of Directors, composed of home unit holders, go about this?
The rising and largely unregulated popularity of short term leasing in high rise complex buildings has caused disruption to many strata title and company title communities. However, both the Government and the community are responding.
Following the decision in Coopers Case, can you still ban pets in a Company Title Building?
Fire safety and your building – choosing the right fire safety practitioner for your strata title or company title building
Ensuring the fire safety of buildings is now a prime focus for owners of strata title and company title buildings. Under new rules, owners of buildings must ensure that they conduct proper due diligence and check that they have engaged an accredited fire safety practitioner.
Government measures mean that more people will be spending more time in your company title building. Not all of them will be sharing the same objectives – some will be ‘off work’ and looking to unwind. Some will be seeking a quiet place to ‘working remotely’, while others will see this as a great time for a reno. You need a strong set of House Rules to balance all of these objectives and keep the peace.
During these difficult time it can be expected that some shareholders in company title buildings will not be able to meet their levies when due. Act now to put in place an effective policy to encourage timely payment from those that can pay, and to provide necessary relief for those under financial stress.
These are uncertain and unprecedented times. We are being advised to incorporate social distancing in our daily interactions, both in a business context and a personal context. What does this mean for companies, especially company title home buildings where communal...