The Ins & Outs of Strata Sinking Funds
Owning property within a strata scheme involves several complexities that are often overlooked. Among these complexities, the strata sinking fund plays a pivotal role in long-term property maintenance and financial planning. In the points below, we explore the intriguing facets of strata sinking funds, focusing on what they are and how they differ from ordinary […]
Selling, Leasing and Licensing of Common Areas
Question:Our unit is adjacent to a small courtyard that is exclusively used by our family. We wish to secure our exclusive use of the area. What are the available options for us to achieve this? Answer:There are three potential avenues for acquiring the exclusive use of the courtyard. Firstly, the Plan of Subdivision may be modified to […]
How Owners’ Corporations Make Decisions: Ordinary, Special, & Unanimous Resolutions
Owners’ corporations make decisions using three types of resolutions: Ordinary, Special, and Unanimous Resolutions. Vote counting can be done in two ways: through lots or lot entitlement. Ordinary resolutions are decided by lots, whether at a general meeting or via a ballot, unless an owner requests a poll vote. A poll vote can be requested by […]
How to change Owners Corporation Managers in Victoria: A Definitive Guide
If you’re currently a member of an owner’s corporation, and you believe it’s time to change the owners corporation managers, you might be wondering where to start. Whether your current manager is not delivering on your expectations, or you’ve found someone who you believe will be a better fit, it’s critical to understand the process […]
What to know when changing your strata manager, body corporate or owners corporation manager in Victoria
Thinking about changing your strata manager, body corporate, or owners corporation manager? It’s an important decision. When done properly, it can also be the best move for the good of your strata scheme. But, whether you’re experiencing issues with your current manager or simply looking for better service, it’s important to know what to consider […]
When should you change your Owner’s Corporation Manager?
How do you know when it’s time to change your owners corporation (OC) manager? If you’re a property owner in Victoria, it’s important to have a clear understanding of when it’s appropriate to change your OC manager. The owners corporation manager is the individual or company responsible for managing the common property and assets of […]
How to change Owners Corporation Managers in Victoria (Definitive Guide)
If you’re currently a member of an owner’s corporation, and you believe it’s time to change the owners corporation managers, you might be wondering where to start. Whether your current manager is not delivering on your expectations, or you’ve found someone who you believe will be a better fit, it’s critical to understand the process […]