Strata Resources
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False fire alarm charge increases
Fire alarms in Strata managed properties: what you need to know In 2015, 97% of the Automatic Fire Alarms (AFA) that Fire & Rescue NSW (FRNSW) responded to were due to false alarms. Crucial resources should be available for genuine emergencies. Repeated false fire alarms may reduce the likelihood that a real alarm will be […]
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Problem Parking
Problem parking in Strata managed property and shared areas What can you do? This article provides some clarity to owners corporations (OC) on what to do with problem parking in owner spots or areas reserved for guests PRIVATE PARKING SPOTS Whilst the issue of parking in a private car spot is with the individual lot owner, […]
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New Strata Legislation – Capital Works Plan
What is a Capital Works Plan? This article provides an understanding of the different requirements for a Capital Works Plan (CWP) as compared with the Sinking Fund Assessment reports under the previous legislation. PRE 30 NOVEMBER 2016 Under the 1996 legislation schemes were required to prepare a 10-year sinking fund plan. That is, a plan […]
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How to make your apartment feel bigger
Tips and tricks to make your apartment look and feel bigger Apartment living is on the rise in Australia as older couples downsize from the large family home for a convenient lifestyle with less maintenance and young families make their first step into home ownership. Whether you’re new to apartment living or you’ve been enjoying […]
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New Strata Legislation – Owner Responsibilities
What are owners responsibilities in Strata managed schemes? This article provides a basic overview of the obligations of each owner. We encourage owners to become involved in the decisions surrounding your asset and/or home or place of work. BY-LAWS By-laws are the rules of occupation. If you are an owner-investor, you have an obligation to […]