Is our Strata Over insured?
II live in a block of 4 units and our strata plan has been in existence sine 1978. Our OC recently had our strata valued and the valuation was $2.1…
COMMON PROPERTY allows damage to UNIT
PLEASE ADVISE My circumstance is a failed roof system causing water damage to the unit. “Flat Chat” once stated that damage to private property could be claimed because the EC/OC…
Re: financial reporting to EC
It can depend on the size of the scheme – we get quarterly updates showing all money coming in and all going out, how else can you track the state…
Re: financial reporting to EC
Thanks for reply. We have huge defect costs and special levies. Last year the sinking fund was spent without any meetings advising owners until insurance needed to be paid –…
Re: ISTM’s “Who is Responsible?” document
easty said: I also think we should also refer to: “STRATA SCHEMES MANAGEMENT ACT 1996 – SECT 92 Insurance claim where owner at fault 92 Insurance claim where owner at…
Re: ISTM’s “Who is Responsible?” document
I also think we should also refer to: “STRATA SCHEMES MANAGEMENT ACT 1996 – SECT 92 Insurance claim where owner at fault 92 Insurance claim where owner at fault If…
Re: ISTM’s “Who is Responsible?” document
Ther are a lot of things in this and Jimmy is correct in the use of the “who's responsible” document. It is very useful as a guide. Your issue is…
Re: Harrassment by Executive Committee Member to an Owner
struggler said: It is totally out of line to harrass someone about volunteering around the complex. You cannot make someone volunteer. Though you should consider whether your levies will cover…
Re: agent ignore the termination notice
Hi everyone, not sure if you still remember this case, here's some dramatic updates. 1. Regarding to the strata agent issuing a letter on behalf of the owners corporation…
Re: ISTM’s “Who is Responsible?” document
Last year in our plan a lot owner's internal flexible water supply pipe underneath the sink in his bathroom burst while he was away on holidays. The damage caused was…
Re: ISTM’s “Who is Responsible?” document
Isn't that like saying if I chose to drive a porsche and another driver crashed into it but their brakes failed so it wasn't their fault that I should pay…
Re: ISTM’s “Who is Responsible?” document
This issue has been raised many times in the forum and I am surprised that many owners and occupant's have the view that the OC's liability is unlimited even if damage caused…