Reply To: Significant Event After AGM Minutes
As scotlandx said, insurance is in a state of flux at the moment. The decision at the AGM may have been to have an excess of $1000, but your broker…
Reply To: Significant Event After AGM Minutes
I suppose how much your excess is would be a function of (1) what insurance policy your OC Committee approved, (2) what you had actually claimed. That would probably be…
Reply To: Significant Event After AGM Minutes
So could you explain how that contradicted a decision that was made by the owners? As a general observation, insurance excesses are skyrocketing. We had a claim a year ago…
Reply To: Significant Event After AGM Minutes
Insurance excess that lot owners are liable for in the event of a claim is increased by 2.5 times to $2500. This is after it was circulated in AGM minutes…
Reply To: Paying Strata Committee Members ?
Undertaking a Building Managers role is no small task, especially with the expectation that they are on call 24/7. Average salaries for a BM are up wards of $84K, so…
Reply To: Fire Inspection finds block non-compliant
Jimmy-T wrote: they are asking for a “please explain” and they are entitled to that, for sure. Yes but from whom? The committee will not likely be able to explain…
Reply To: Fire Inspection finds block non-compliant
From what I have gathered-and I may be mistaken- each individual council in NSW have their own autonomy with fire safety compliance in residential buildings. One council, ie Sydney City…
Paying Strata Committee Members ?
Hi all One of our SC members has done a lot of work for our strata that is above what is normally expected, mainly forfilling the role of a building…
Renovation not approved
Hi Jimmy & Flatchatters, I recently purchased a unit in a self managed strata plan in NSW. At an EGM, which I called & arranged, I put forward 3 motions.…
Major flaws in the standard Strata Management Agency Agreement?
Surely we can do better than the standard Strata Management Agency agreement? I recently found myself having to read a copy of the Strata Management Agency Agreement published by Strata…
$2000 pet bond fine by me
Responding to this story A $2000 bond is fair enough. My tenant kept a dog illegally in my unit. When he moved out it cost me over $11,000 to repair…
States play catch-up with strata law proposals
Anyone keeping even just half an eye on events in StrataLand for the past week or so would be forgiven for thinking our state bodies – Better Regulation in NSW…