Category: Compulsory Strata Management
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Pursuing Defect Costs from Developers in NSW Strata Schemes
Owning property within a strata scheme in New South Wales (NSW) comes with a unique set of challenges and responsibilities. One critical aspect that often arises is dealing with defects in the common property. For Owners’ Corporations, pursuing the cost of these defects from developers is not just a matter of financial prudence but also…
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Review of Strata Scheme Legislation in NSW and Its Impacts
The statutory review of the Strata Schemes Development Act 2015 and the Strata Schemes Management Act 2015, conducted by the NSW Department of Customer Service and released in November 2021, offers a deep dive into the effectiveness of these key pieces of legislation. With the goal of improving the management and development of strata schemes…
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Benefits of Compulsory Strata Management Under Section 237
When it comes to maintaining a strata property, the process can often be fraught with challenges, especially under normal strata management. Delays, disagreements, and inefficiencies can lead to prolonged periods of neglect, resulting in substantial long-term damage. This is where compulsory strata management under Section 237 comes into play, offering a practical solution to ensure…