
In NSW two important pieces of legislation set out the regulations for strata schemes. Watson and Watson strata lawyers have
This Act sets out the rights and responsibilities of the Owners Corporation, and of the individual owners and occupiers within the Strata Scheme.
This includes the procedures for meetings by the Owners Corporation, such as record-keeping, the appointment and role of the Executive Committee, financial management (including the sinking fund), key management areas (like maintenance and repairs), insurance requirements, and a disputes resolution process. If there is a Strata Managing Agent, their role is also clearly set out in this Act.
Details about ‘by-laws’ are also included, which are the Owners Corporation’s regulations regarding the behaviour of owners and occupiers, and the way common property may be used. By-laws may be amended or added with the approval of the Owners Corporation.
By-laws can be made in relation to:
This Act sets out the law in relation to the system of ownership within a Strata Scheme. Strata title gives an individual exclusive ownership of part of a building (ie. their ‘lot’), as well as some rights over the ‘common property’ parts of the building.
The Act includes details about how lots may be subdivided and strata plans registered, and the way common property may be leased, transferred, or acquired.
Please note that our provision of any telephone advice to you is only a general discussion to assist as to whether you wish to instruct us. Telephone discussions should not be construed as legal advice and are not to be relied upon. Legal advice which you can rely on can only be properly provided by us to you at or following an initial conference. We are not responsible for any action you may take or fail to take based upon the provision of our telephone advice to you. If you wish to arrange a conference, please contact us.
Watson & Watson are always available to provide expert legal advice and answer any questions you may have.
David Quinn was approached by a young married couple with infant children who had purchased the “Dream Home” in a satellite suburb of Campbelltown in the early 1980s. The young couple’s “Dream Home” collapsed around them in 1984.
Read more...The principal of the firm, Richard Watson, was retained in 2009 to assist a middle aged female client in relation to a claim made by her former de facto spouse in respect of Supreme Court of New South Wales proceedings.
Read more...Copyright © 2007 | Watson & Watson Solicitors | Level 9, 300 George Street, Sydney, NSW, 2000 | Phone: 02 9221 6011 Fax: 02 9221 4369