Archive for the "Strata Reforms" Category

  • New off-the-plan laws announced

    There will be more movement in legislation impacting strata and community title in the new year, but recently we have seen the introduction of measures to fix the problems introduced as part of earlier reforms. Changes have been made to the Conveyancing Act to rectify some of the problems with changes to sunset clauses. Basically, […]

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  • Building defects

    Defects Bond For New Apartments

    NSW Fair Trading implanted strata reforms in 2016. As part of this, they introduced a defects bond for the development of new apartments, at 2% the total value of construction costs. The bond and inspections are starting to come online now with the first developments going through the new process. The laws specifically put the […]

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