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Are the proposed works to the strata building correctly classed as repairs, replacement and renewal, or an improvement? conveyancing property proposed works purchasing property strata strata scheme supreme court Jul 27, 2020

Case:

Glenquarry Park Investments Pty Ltd v Hegyesi [2019] NSWSC 425

Facts:

The matter related to a dispute between the lot owners of a strata title property at Point Piper in Sydney’s eastern suburbs regarding proposed works on the common property.

The plaintiffs between them owned Lots 3,...

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What are the special rules for 2 lot strata schemes? property strata strata scheme strata schemes management act (nsw) Jul 07, 2020

The main piece of legislation regarding the management of strata schemes is the Strata Schemes Management Act 2015 (NSW).  Time and time again, clients ask us about the rules for 2 lot strata schemes, and in particular, whether there needs to be an owners corporation and strata...

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Appointing a compulsory strata manager property strata strata scheme strata schemes management act (nsw) Apr 25, 2016

Section 162 of the Strata Schemes Management Act 1996 (NSW) provides that a Fair Trading Strata Schemes Adjudicator can order for the compulsory appointment of a strata managing agent to exercise all of the functions of an owners corporation, or only specified functions, as well as the...

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I am buying a unit. What does the term "strata" mean? owners corporation property strata strata scheme Aug 26, 2015

Strata title is a form of ownership used for multi-housing developments, such as:

  • units

  • townhouses

  • villas

  • detached dwellings within a defined area.

The strata plan divides the building(s) and the associated land into:

  • individual lots (owned by the various lot owners); and

  • common...

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