Can the NSW Civil and Administrative Tribunal award damages in strata disputes?
The NSW Civil and Administrative Tribunal (NCAT) has the jurisdiction to deal with strata disputes that fall within the Strata Schemes Management Act 2015 (NSW). This means that the NCAT can make an order to resolve a dispute in a strata scheme, including making an order relating to: An interpretation of the By-laws of an […]
Will strata by-laws be needed for your renovations?
What are by-laws in a strata plan? By-laws are a set of registered rules that governs a strata plan. By-laws contain rules on the expected behaviour of owners and their occupants, noise, vehicles, obstruction of common property, damage to lawns and plants on common property, depositing rubbish, cleaning of windows and doors, floor coverings, keeping […]
What are the notice requirements for an owners corporation special general meeting?
There are strict notice requirements for sending out an agenda and notice for an Owners Corporation special general meeting. The law and the owners corporation special general meeting? Schedule 1, Part 2 of the Strata Schemes Management Act 2015 (NSW) sets down the notice requirements for a general meeting. In particular, the legislation states that […]
Converting Company Title To Strata Title: What Company Title Directors Should Know
There is no reason why Company Title buildings should not be converted to Strata Title. Indeed, converting Company Title to Strata Title may be in the financial interests of all existing shareholders. This is particularly relevant in the current financial market, where banks are taking a harsher line about lending to prospective owners of Company […]
Stamp Duty and Converting Company Title To Strata Title
If you plan to convert company title to strata title, do you have evidence of paying stamp duty on your company title? Conveyances, the sale of property, is subject to conveyance stamp duty. It is often one of the largest costs associated with the purchase of a property. Prior to July 1987 the stamp duty […]
Does Company Title Mirror Strata Title?
Before strata title was introduced in the 1960s, apartments were governed by company title. Unlike owning a specific area of the building, as with a strata title, a company title is similar to owning shares in a company. The particular shares you may buy are allocated to your unit and car space. It shouldn’t be […]