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Strata Title ownership is
changing next year. Are you ready?
The 4 significant changes you need to know
Are you ready for the new
strata title laws?
Do you own a strata apartment in New South Wales? Are you
purchasing off-the-plan? Strata title law is changing.
Get ready for 4 significant changes to strata laws to
commence on 1 July 2016.
- Strata Management - Strata Manager
appointments are limited to 3 year terms. They will be
able to be more easily removed. Tenant representatives
may attend owners meetings, but cannot vote.
- Strata By-laws - The list of model by-laws is
extended to: impose a limit of 2 adults per bedroom,
fines for illegal parking, better noise control, to
prohibit smoke drift from cigarettes and barbecues on
balconies, and to allow small pets.
- Building defects, renovations and maintenance
- For new strata buildings, a maintenance schedule and a
obtaining a building defects inspection report are to be
on the agenda at the first owners meeting. For all
strata buildings, there is a list of cosmetic works
which can be carried out by owners without approval, and
a list of renovations which require approval by the
owners corporation.
- Redevelopment - If 75% of the owners agree,
they can override the wishes of the other 25% and
redevelop or sell the building. There is a process that
must be followed including having a renewal or sale plan
approved by the Land and Environment Court.
For more information see
What's in store with the new strata
titles laws in NSW?
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