What Does License To Occupy Mean For Company Titles?
When a company title member lets their unit to a tenant, there is no legal relationship between the tenant and the company. This means the company must rely on the tenant to enforce house rules on their tenant and means the company has no power to limit sub-letting or AirBnb run by the tenant. This […]
How To Enforce Company Title Renovations Policies
Managing a company title building’s renovations to ensure they are safe and non-disruptive is essential to members’ enjoyment of the building. In addition, directors who do not take steps to ensure that work is carried out by appropriately qualified and licensed tradespeople with suitable insurance policies may risk breaching their duty to exercise due care […]
Why You Should Update Your Company Title Constitution
For directors and members, a change to the company title constitution may seem like a daunting process. Updated constitutions can assist companies in managing letting and subletting, improving corporate governance and bringing their constitution in line with the most recent legislation. Modern issues with company title Many of the major issues facing company title buildings […]
Why Create a New Company Title Scheme?
It is often difficult for a developer to unlock the value of land by using strata title. Sometimes, the terms of a development approval or other planning instrument may prevent strata subdivision. At other times, the costs associated with a strata subdivision can be prohibitively high. A new company title scheme vs. strata title In […]
Managing Tenants In Company Title Buildings
Directors of company title buildings know that they can enforce the company title constitution and its ‘house rules’ or ‘regulations’ against problem shareholders. A well drafted constitution or set of house rules provides a company with a range of strategies to ensure that shareholders pay their levies on time, carry out major renovations with sufficient […]
Why Interview A Prospective Company Title Shareholder?
Directors of company title buildings often interview purchasers who are looking to buy shares in the company. These interviews usually take place after the vendor has exchanged contracts with the purchaser, but before the sale has been completed. We are often asked whether directors of a company title building can refuse to register a transfer […]
7 Benefits of a new company title constitution
Many company title buildings are regulated by outdated memoranda and articles of association. A lot of companies are looking to update their memoranda and articles of association by replacing them with a modern company title constitution. Benefits of updating a Company Title Constitution There are a number of benefits associated with moving to an up-to-date […]
4 Things Strata Owners Need to Know About Window Safety Devices in NSW
Window safety requirements are considered highly important for Owners Corporations. New amendments under the Strata Schemes Management Act 2015 (sections 118, 129) and the Strata Schemes Management Regulation 2016 (clauses 30, 31) came into force in late 2013. Here are four things you should know about the devices, and why your owners corporation needs to be on top of […]
Marketing Company Title Shares
Developers, real estate agents and existing shareholders frequently market company title shares to the public. These marketing activities need to bring into account Part 6D.2 of the Corporations Act 2001, and the Australian Financial Services Licensing provisions. Legal requirements for marketing Company Title Shares Part 6D.2 requires anyone marketing shares to disclose certain information to […]
Company Title: Dealing With Airbnb
Airbnb has been the bane of many company title boards for a number of years. Proposed changes to various Local Environmental Plans are likely to make the problem more prevalent. Company title boards wishing to prevent Airbnb need to get on the front foot quickly. There are a number of strategies that they can adopt […]