Columns » Owners Corporation Law
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Here today, and gone tomorrow
More builders and developers will choose to “go bust” instead of being held accountable to owners’ corporations (OCs) for dodgy building defects.
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Renewing an owners’ corporation’s policy of insurance just got harder
It is compulsory under the Owners’ Corporation Act 2006 for a strata building with areas of common property to have a policy of insurance for reinstatement and replacement, and must hold a policy for public liability insurance as well, for a minimum of $20 million.
Read MoreKeeping watch on your property manager
Choosing the right property manager for your investment property is essential, and a vigilant eye needs to be kept on them too.
Read MoreBuilding dispute resolution centre not in the business of resolving disputes lately
Domestic Building Dispute Resolution Victoria (DBDRV) was set up by the state government to provide homeowners with access to a free service to resolve building disputes without having to first go to the courts or tribunals and endure the high costs and long-time frames associated with those jurisdictions.
Read MoreAre you a new unit owner? Make sure you attend the first annual general meeting
For a long time in Victoria, it was a common practice for the developer of residential towers to ensure that they arranged their affairs to benefit them before they settled on the lots and handed over control of the owners’ corporation (OC) to lot owners.
Read MoreEmbedded networks review by Victorian Government not comprehensive enough
The Victorian Government announced back in October 2018 an election commitment to ban embedded networks in new residential apartment buildings, with appropriate exemptions for buildings that use renewable energy microgrids to deliver low-cost renewable energy to apartment buildings.
Read MoreGot a remedial works contract coming up? Who’s the super?
During COVID, a number of owners’ corporations (OCs) deferred major remedial works projects that were due to be undertaken.
Read MoreVCAT determines that monies paid by an insurer to an OC for a lot owner’s claim are held “on trust”
A VCAT decision released last month confirmed the position that any lot owner in a building may file a claim against the owners’ corporation’s (OC’s) policy of insurance.
Read MoreVictoria’s new “Airbnb tax” only benefits Airbnb, and once again unit owners lose out
The Victorian Labor Government has announced a new 7.5 per cent tax on short-stay accommodation, being the first and only Australian state to do so.
Read MoreWhen an owners’ corporation needs to access someone’s apartment
Lot owners and tenants need to be aware that an owners’ corporation (OC) has a lawful right to serve a notice to gain entry to private apartments, in order to carry out repairs, maintenance and other remedial works.
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High-speed internet thrills are just a special resolution away …
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