You see, it's absolutely certain for the strata community to pass a special resolution because it gives the power to all the owners to make a decision if they want to lease or license part of the common property. Now, this wasn't given to the executive committee for the very reason that all the other owners in your community must be given an opportunity to voice out whether they want to lease or license that shared area. Now, if the executive committee decides to skip that requirement, which...

One of the common issues that one faces when they start living or owning property in a strata community is the obligation to contribute financially. Contribute to the maintenance of the community. There are times that owners stop providing contributions or giving their contributions because they have issues with the maintenance being dealt with. Unfortunately, that isn't the solution because those who bought into a property with a strata community actually have a legal obligation to...

And it gets quite distressful for Strata community, especially when there are a number of complainants who approach them and demand that the issue be resolved. It's important for this executive committee to first determine the seriousness of the issue and how much information has been put forward by the complainant. If there's not enough information that the complainant has provided to the executive committee, it's important that more information is requested. Once all the information, all...

Do Strata communities have to get involved in owner-to-owner water leak disputes? Unfortunately, most times they do. This particular podcast provides clarity on the five reasons why Strata communities get involved in water leak disputes.One, the water leak originates from common property. That's quite clear. If the water has come from common property, the Strata community would be involved in the water leak dispute.Number two, the water leak could have originated from private property, but...

A man's home is his own Castle. This is no doubt familiar to you. One of the most exciting times in a person's life is when they buy their first property and more properties. However, the exciting time could turn into a nightmare where building defects are involved.Let's explore the five steps to resolve building defects in the Strata community.1. Hire a building Inspector to confirm in a report if the defects are structural or nonstructural. It's important to get an expert to identify as...

After attending an Annual General Meeting or what I will call AGM, you would receive a copy of the minutes, but before that, you would receive a copy of the notice when you're getting invited to the meeting. Have you ever wondered, as a member of the Strata community, what are the further details or items that will be discussed at the AGM that's scheduled so that all Strata community members receive clear decisions that will be made at the AGM? It is crucial to highlight the five documents...

You would need a common license or lease if you would like to use part of the common property to install your solar panels or personal effect such as your business signage on the common property. Have you ever wondered what should be included in a common lease or license? Even if you're not a lawyer, it is important to understand their components. Let's have a look at five of them.1. Lease or licensed area based on a plan of subdivision. Having the lease or licensed area specified based on a...

Season 2 of strata life podcast aims to provide you bit size learning and guidance from practical, commercial and effective governance perspectives so that you could maximise living in the strata world. These podcasts also serve all other stakeholders of the strata community industry as guidance for best practice methods so that they could enjoy living, serving or governing this industry.

Often people wonder why it is necessary for a common property to exist, These are the five purposes and even benefits of having a common property 1. Enjoyment by owners and occupiers or residents of the common property - keeping in line when I refer to common property it includes schools, gyms, playgrounds, tennis court, and all those types of facilities and areas that are shared with other residences. These types of facilities are enjoyed by the residents because not all single dwelling or...

There are various types and various types of people that the strata manager communicates with but what I will be raising are in my view the type 5 communications received by your strata manager daily.1. Committee communication - these are usually instructions given by the committee or follow-up on actions being taken on behalf of the committee. it is common that the strata manager would often hear from your committee.2. Occupy your communication - there are many reasons why an occupier...

The administration or operational budget is passed usually at an annual general meeting. These are simply put the regular expenses. Here are the five purposes of why this particular budget should be raised at each and will general meeting by your strata community .1. Regular repair and maintenance of the common property - there is no doubt that from time to time your strata community's common property would require regular repair and maintenance and raising that administration or operational...

There are various names the maintenance budget others call it thinking budget others call it sinking budget, others call it reserve fund others call it capital improvements budget they all mean the same thing and that really means savings for future maintenance. Here are the five reasons or purposes for a maintenance budget1. Long-term maintenance/repair (i.e., painting program) - long-term maintenance repair means that it has a succeeding number of repairs carried out on an example of that...

This particular podcast covers what should be in the agenda items of committee meetings 1. Resolution to accept the financial statements presented for the period - when I refer to the period that could mean depending on how often a committee meets so it could be the financial statement for the monthly period. quarterly period. and semiannual period. 2. Resolve to provide particular instructions to the manager on surfing directions that they could make decisions on - this allows the manager...

In particular legislations, there are basic items that need to be covered in AGM agendas I will feature the 5 foundational items that should be covered in your AGM agenda. 1. A resolution to renew or confirm your strata managers contract of appointment it’s important for all the members of your strata community to either confirm or determine whether it wishes to renew its strata manager's contract of appointment that way you could is considered at the budget that also going to be resolved at...

In today's podcast I want to cover “How do you register rules of the owner's corporation?” The traditional way before electronic lodgment of land Victoria documents were done was that, a form is completed, a form created by land Victoria, it is signed by either an owners corporation representative or the solicitor of the owners corporation and then a clerk would then file that form along with certified copy of the rules and a copy of the certified minutes of the owners corporation proving...

A common question that we get asked is “How does a person deal with water leak issues?” The main thing to determine in water leak issues are two things: Is there evidence through an expert report identifying what caused the leak and the damage, once you get evidence from an expert identifying where the leak is coming from and what is the damage caused, a significant amount of the water leak issue has been addressed? The second thing that needs to be determined is once it’s been identified...