New Disclosure Requirements for Strata Managers
What strata owners need to know Starting February 3, 2025, significant changes are coming to how strata managers must disclose information to strata owners. These new requirements are designed to provide you with greater transparency and control over your strata scheme’s management. What’s Changing and How It Benefits Strata Owners Before appointing a strata manager […]
Read MoreStrata insurance explained
Insurance premiums are a major component of your strata levies. Although premiums have been rising along with other types of insurance, the cost still compares favourably to insuring a freestanding house when divided up amongst owners through levies. Why do we need insurance Your owners corporation has a legal obligation to maintain insurance that covers […]
Read MoreInsurance Obligations
for Strata Schemes
Are you fulfilling your strata scheme’s insurance obligations? The fallout from the global pandemic has reduced production and crippled supply chains for many industries. In the property sector, building material costs, labour, and shipping have significantly increased with no end in sight. Around 60 per cent of construction materials originate overseas, particularly from China, which […]
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