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Body Corporate (Page 4)

In: Accounting and Finance, Body Corporate, Facilities Management, General Interest, Legal, Motels and Hospitality, The Management Rights Market

Contributed By: Nick Buick on

We are thrilled to launch our Industry Recommended Professional program! Below is a Q&A explaining the program, its benefits and how it works. What Is the Industry Recommended Professional program? Our industry has entered an age where the quantity of suppliers is great, but often the quality of work offered is not. Managers and prospective managers expend considerable time and money in their efforts to source professional service providers who understand this industry and specialise in it. The Industry Recommended Professional program allows such service providers to rapidly and easily distinguish themselves as authorities both trusted, and respected in our Management Rights industry. It isRead More →

In: Body Corporate, Facilities Management, The Management Rights Market

Contributed By: Nick Buick on

I recently had an interesting discussion with one of our managers, lets call him Geoff, whose Body Corporate committee had very generously advised him they were concerned he was being underpaid. Our manager asked me how much remuneration I thought a manager of a complex of his size and location should be paid… and I’m embarrassed to say, all I could do was shrug my shoulders. You see although I’ve worked in this industry for over a decade, speak to dozens of onsite managers every day, and am a licenced letting agent myself… The truth is, I personally, have never worked as a caretaker andRead More →

In: Body Corporate, Facilities Management, Landlords, Tenants, Renting and Management

Contributed By: The Onsite Manager on

When running a management rights business, it’s so easy to get so caught up in the day-to-day that you forget you’re not just an employee doing a job, but in fact a business owner and investor. It’s understandable – if you’re spending all your time listening to complaints and getting covered in bin juice, it’s not hard to lose sight of the reason you first went into management rights: to enjoy a better work-life balance, to semi-retire, or to build a nest egg off of your letting pool income. Unfortunately, there’s no secret get-rich-quick method to running an effective, profitable management rights business. But thereRead More →

In: Body Corporate, Legal

Contributed By: Small Myers Hughes Solicitors on

Licensing A NSW owners corporation may engage a licensed strata managing agent to help manage their strata scheme. Unlike the position in Queensland, only a person who is licensed (under the Property, Stock and Business Agents Act 2002) can be appointed. What are their responsibilities? An owners corporation can choose the responsibilities of their appointed strata managing agent in negotiating the contract with them (apart from where the owners corporation’s powers cannot be delegated). A strata managing agent cannot: delegate their powers, authorities, duties or functions to others; set the contributions to be paid by the owners; make a decision on a restricted matter (aRead More →

In: Body Corporate, Facilities Management

Contributed By: Staff Writer on

It’s been a bumpy ride, but the NBN looks like it’s finally approaching the home straight. According to NBN Co’s latest Corporate Plan, 2018 will be its biggest year for installations. Combined with the 2017 financial year, they predict almost 5 million additional connections nationwide, on track for a planned completion date of sometime in 2020-21. That’s great to hear, but the situation on the ground for most of us is one of confusion and frustration, especially for people living in or managing multi-dwelling units (MDUs). This guide aims to help explain the basics of the NBN in MDUs. If you have additional questions onRead More →

In: Body Corporate, Legal

Contributed By: Short Punch & Greatorix on

The extent of services which a body corporate is authorised to provide, and in some cases, must provide, to lot owners, is limited to those set out in the Body Corporate Community Management legislation. Building managers have to be careful that the duties set out in their Caretaking Agreements with bodies corporate, do not stray outside these limits. Section 169 (1) of the Small Module Regulations, and Section 167 (1) permit bodies corporate to provide certain types of services, which are not otherwise covered in the legislation.   Sub sections 2 and 3 of these Sections also provide the body corporate:- must have an agreement withRead More →

In: Body Corporate, Facilities Management, General Interest, Landlords, Tenants, Renting and Management, Motels and Hospitality

Contributed By: TheOnsiteManager.com.au on

A few weeks ago we published an article exploring why onsite managers might want to consider jumping on the AirBnB bandwagon. It featured a number of pro-AirBnB comments we’d received from our members, many of which centred around the positive effect it had had on their revenue. But on the other side of the coin, we also received a substantial response from the opposing camp. The picture they painted was far from rosy – in fact the overall impression was that, as this article’s slightly sensational-sounding headline might suggest, AirBnB and strata living might never be able to peacefully coexist. This isn’t to say thatRead More →

In: Body Corporate, Facilities Management

Contributed By: ABC News on

This article was published by ABC News and appears on their website:  http://www.abc.net.au/news/2017-09-05/bodies-corporate-may-have-to-pay-for-cladding-inspections/8871094 Queenslanders living in body corporate-run apartment blocks could be forced to pay for new safety audits and pick up multi-million-dollar tabs for ripping out combustible cladding in buildings that have previously been ticked off as safe. The ABC’s Four Corners program has revealed more than a decade before a deadly fire in London, Australian suppliers of aluminium-composite cladding knew the product they were selling with a polyethylene (PE) core was highly flammable. It is not known how many non-government buildings in Queensland have the unsafe cladding, but 40 government-owned buildings are under investigation andRead More →

In: Body Corporate, Legal

Contributed By: SMALL MYERS HUGHES LAWYERS on

Every lot has areas within them that are common property. Consequently, owners wanting to make changes or undertake renovations may require approval from the Owners Corporation and this will depend on the type of renovation required. Renovations fall into three categories: Cosmetic changes – Includes installing or replacing hooks, nails or screws for hanging paintings or other things on common property walls; installing or replacing handrails within your lot; painting; and filling minor holes and cracks in internal walls. Lot owners can do cosmetic work within their lot without seeking approval from the Owners Corporation; Minor renovations – Includes renovating a kitchen; changing recessed light fittings; installingRead More →

In: Body Corporate, Legal, The Management Rights Market

Contributed By: Hynes Legal on

Bush lawyers abound out there in strataland. Someone heard from someone else that someone did something or got something and then that becomes the rumour that bounces around endlessly becoming the little spot fire that we then need to put out individually with clients when they ring to ask us: ‘I got told THIS — can we do that too?’ Valuers have it worse though. ‘So and so down the road got 5.6 times for their business so that means mine is worth 5.8 times.’ Leaving aside it was never contracted at 5.6 times in the first place, usually what has happened is the accountantRead More →

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