Management Rights

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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: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

After last month’s bulletin (some said rant but no offence) regarding bank lending and personal responsibility we received quite a lot of feedback.  Most was based around misconceptions of how lender security works with suggestions that we need to drill down and provide some detail.  Given that books have been written on this subject any brief summary will, of necessity, only skim the surface. I should also point out that I am going to talk about a variety of security arrangements in very general terms and borrowers should always seek independent advice to ensure they fully understand their obligations. So, without further ado, here goes!Read 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 →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Resort Brokers on

A PRIME Port Macquarie CBD riverfront accommodation property holding has changed hands in a landmark deal that underlines the rising tourism-related investment appetite for the Mid North Coast. Local development companies Lloyd Coastal Property and Bannister Constructions have sold the Palm Court Motor Inn, which they’ve owned in William Street since 1989, along with the management rights and 21 units in their adjacent 2007 development, Mantra Quayside, to a single buyer. The ‘hybrid’ deal negotiated by James Carrick of national accommodation specialists, Resort Brokers Australia, sees control of the key gateway precinct pass to an undisclosed private buyer from the Mid North Coast region. MrRead More →

In: The Management Rights Market

Contributed By: Resort Brokers on

BIGGERA WATERS apartment complexes Harbour Quays and East Quays have joined the super league of Gold Coast management rights, with their caretaking and letting businesses and associated real estate selling in one line for close to $13 million. A syndicate of 10 local investors has bought the 363-unit Harbour Quays and 300-unit East Quays management rights portfolio in an off-market deal secured by Resort Brokers Australia for developer Emandar Group. Agent Alex Cook confirmed earlier reports that the sale price for the 10-building operation was in the $12 – $13 million range, including seven apartments and eight offices. “With 663 apartments in 10 buildings acrossRead More →

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

Contributed By: TheOnsiteManager.com.au on

It’s been nearly ten years since the launch of AirBnB, and five years since it arrived in Australia. Much like Uber before it, the home-sharing platform’s grand promise to democratise the hotel and holiday rental market has brought with it a lot of problems – especially for hosts’ neighbours, bodies corporate, real estate agents, and of course onsite managers. We decided to explore onsite managers’ sentiment around AirBnB, so we reached out to our members and asked them to share their thoughts and concerns. This article is the first in the series. To kick things off, we looked at the pro-AirBnB side: those who haveRead More →

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