Re: Chairing an AGM
How it works is a bit complicated, but generally, the insurance broker pays a commission to the strata manager. I believe this is capped at 20%, if that is wrong someone…
Re: Chairing an AGM
I know about the SM commissions on strata insurance being standard business practice. The extent of it however, seems to be -at least with him- something of a secret. I…
Re: Chairing an AGM
Strata managers receiving commissions on insurance is pretty much standard and is dealt with in the contract. Is there something about this that bothers you specifically? Have you asked the…
Re: Chairing an AGM
Our AGM was so well attended, apparently we broke our own records. However, they were apparently there to maintain the status quo & left me in no doubt of it.…
Re: Building Developer Will Not Correct Building Faults.
For losses arising from defective work, it is six years from the date of completion, or the ending of the contract, whichever is the later. There are a number of…
Re: Buying off the plan
With Developers there are the unscrupulous operators, they form a company xyz developments, this company purchases property has plans approved for units and starts construction. They watch the dollar…
Re: Buying off the plan
Hi Jimmy, I came across your article about building defects in the SMH, the article states it is in favour of a 1% levy to be added to the purchase…
Re: Appointment of a Building Manager
Building Managers are usually responsible for managing the maintenance and repair of the common property, controlling the use of common property by tradespersons and overseeing their activities, and sometimes for…
Re: Owners Corp vs Owner’s Insurers – Who’s Responsible?
Was the hot water system the owner’s or the owners corporation’s? That is your starting point, because if it is the owner’s corporation’s hot water system they are liable for…
Owners Corp vs Owner’s Insurers – Who’s Responsible?
Dear Jimmy, Would you be able to help me with who is responsible for water damage in a strata unit. My neighbour had an unfortunate welcome home on…
Re: EXAMPLE 2: Abuse of common funds …
I find this fascinating and congratulations on your forensics investigation. As described here it amounts to theft. I think this is just the tip of the iceberg as far as illegal use of…
Re: My Strata law Review submission
If the Act specified that developers are obliged to attend these meetings if and only if they are invited by the executive committee then the problems I outlined probably would…