Do We Need a Maintenance Fund for Our Owners Corporation?
Prescribed Owners Corporation Consumer Affairs Victoria defines Prescribed Owners’ Corporation as owners’ corporations having more than 100 lots (including storage lots, car parking lots, and accessory or ancillary lots), or…
Your Guide to Strata Cash Flows During a Pandemic
This guide is to help strata owners and managers deal with the important cash flow decisions that will arise during the Coronavirus pandemic and its aftermath. We cover what to…
What are Body Corporate Fees Used for in Australia?
What are body corporate fees used for in Australia? If you are living in an Australian property that is under a strata title, such as a townhouse, apartment,…
Why the Landscape of Body Corporate Companies in Victoria is Changing
Body Corporate Companies in Victoria In the years and decade prior to the Owners Corporations Act 2006 coming into effect, Victoria had experienced an influx of a motley…
Four Principles of Corporate Finance that apply to Strata
… and how every owners corporation and strata manager in Australia can benefit from understanding the implications of each! Opportunity Cost Remember the old Aspirin ads? “Two and a quarter…
Owners Corporation Law: We need to talk about building defects …
Inevitably, there are going to be mistakes made in constructing and finishing a 20-storey tower. There are some fairly tricky building elements that contractors need to be very careful about…
Changing Strata Management Companies – “Breaking Up is Hard to Do”
When most of us enter into personal relationships, there is a fairly evenly-distributed balance of power and autonomy, at least to start with. The same be said of dynamics of changing…
Owners Corporation Management – Statement of Advice and Information For Prospective Purchasers and Lot Owners
What is an Owners Corporation? The lot you are considering buying is part of an owners corporation. Whenever a plan of subdivision creates common property, owners corporation management…
Owners Corporation Factsheet – Strata Insurance
What is an Owner’s Corporation / Strata insurance? Residential Owner’s Corporation / Strata insurance (previously known as body corporate) is general insurance that covers common property under the management of…
Creation of DBDRV to Address Strata Building Defects
Owners Corporation Managers of residential unit developments need to be aware of these changes as they apply to disputes between owners and building professionals such as builders and architects. Presently…
