Changing unit entitlements
Since 30 November 2016, all NSW strata schemes that are registered will require their unit entitlements to be apportioned on a market value basis.
Strataville Editorial
December 11, 2019
Since 30 November 2016, all NSW strata schemes that are registered will require their unit entitlements to be apportioned on a market value basis.
A common misconception is that the unit entitlement is determined by lot size.
Noise transfer between apartments is a huge problem in strata complexes. The issue has become worse as more and more apartment owners have a preference for hard floor coverings.
If residents engage in a reckless or negligent manner, the owners corporation should consider enacting a false fire alarm strata by-law.
Prescribed owners corporations (Regulation 5) are defined as an owners corporation that; levies annual fees in excess of $200 000 in a financial year*; OR
Where does a lot owner or a body corporate stand in relation to short-term letting under the legislation in Queensland
After nearly 3 years of extensive consultation, the NSW Parliament has passed the Government’s new framework for short-term letting in NSW
Rules or house rules are intended to allow owners and residents of units to be able to enjoy the use of their property in reasonable peace and harmony.
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