1. What are we talking about? The extent that a strata company and or a Council of Owners (COO) have documented maintenance plans for their strata property varies considerably across WA. Given the normal tensions between the availability of funds and the extent of ongoing maintenance requirements, a reactive rather than proactive approach has traditionally been…
There is lots of confusion and potentially liability associated with clarifying this topic. 1 What are we talking about? Strata companies need to inspect strata common property for a variety of reasons including but not limited to: Practical completion inspections Builders Defect liability inspections 10 Year maintenance plan inspections Investigation and special purpose investigations The key…
Strata 10 year maintenance plans are creating lots of discussion (and work). Here are 15 key observations about what we do and don’t know so far.
1. No Regulations yet – 10 year maintenance plans
2. Overriding Legislative Obligations
3. New strata companies – the first plan
4. New strata companies – the next plan
5. Existing strata companies the first plan – the transition challenge
Consider this alternative view when buying a strata apartment in WA. Which of the two assets that you are acquiring is more valuable? 1 What are we talking about? So you are about to purchase a strata Lot (“unit”), the location is great so it’s the layout, balcony and car bay. All exactly what you wanted,…
The number of WA strata complexes being developed in the Perth metropolitan area has exploded over the last 10 years. Just look at the Scarborough Beach front and Burswood as clear examples. Unlike building a standalone residential property there are some significant differences that need to be considered, especially in large multi storey strata developments.…
What Happens when a Strata Lot Renovation Goes Wrong? Pre-emptive Strategies for Strata Companies and Councils of Owners Driven by the multitude of home renovation shows on television these days, it is not surprising that many strata Lot owners want to visit Bunnings and renovate their strata Lots, irrespective of Strata By Laws, Legislation and…
Do you know what concrete cancer is, or just how seriously it can affect large residential and commercial properties? As a strata manager, you’re faced with a variety of pressing concerns and responsibilities every day. Working on behalf of the owners corporation, you’re tasked with overseeing administrative concerns and the overall upkeep of common spaces…
As a strata manager, you know just how much work goes into the daily running of a strata scheme. Just keeping up with the daily details can seem like an insurmountable task; when you add in the necessary ongoing strata maintenance and repairs a property requires, it can be almost overwhelming. Fortunately, there are ways…