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NOTICE ALERT IN LIGHT OF COVID-19

WHAT WE PROPOSE AND HOW WE CAN ASSIST

At Watson & Watson our clients come first. Please be assured of our continued dedicated services to all current and new clients.

As we have done in the past, we will continue to offer alternative conferencing methods ie video conferencing, skype or telephone conferences. Reviewing of all documentation provided to us prior to any initial conference will be all inclusive of our set fee. Do not hesitate to contact Shereen Da Gloria on (02) 9221 6011 should you have any concerns.

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Residential Premises Covid Update as from 13 July 2021

Masks required in all common areas of residential properties

As part of the current Health Orders as a result of the current Covid situation all persons must wear a face mask in all indoor common property areas of residential premises in Greater Sydney (including the Blue Mountains, Central Coast, Wollongong and Shellharbour) which residential properties includes strata title residential properties, company title units and community living residential environments.

We suggest that you place an appropriate sign at the entry points to your residential premises pointing out these requirements are as from 13 July 2021.

Of course at some stage, these requirements will be changed. Keep safe.

Watson & Watson experienced Lawyers in all matters relating to strata issues.

Regulations of the Owners Corporation By laws

When you buy strata title property you automatically become a member of the Owners Corporation (or the Body Corporate).

The Owners Corporation has regulations, known as ‘by-laws’, which owners and occupiers must abide by.

By-laws relate to things like the behaviour of residents, and how common property may be used. For example, they might set out how garbage is to be disposed of, whether pets are allowed, parking restrictions, and landscaping guidelines. By-laws are enforceable by law.

All members (owners) are required to pay levies to the Owners Corporation, known as the ‘sinking fund’, to cover maintenance and repairs of common property.

The Owners Corporation meets at least once a year for an Annual General Meeting (AGM). There are specific rules for how these meetings must be carried out, and how owners can put motions on the agenda for discussion and voting. Minutes must be taken, and a copy of the financial statements for the year (ie. what money was received and spent) provided.

An Executive Committee (EC) is appointed at the AGM, which typically includes a Chairperson to preside over meetings, a Secretary to take minutes, and a Treasurer. The EC oversees the day-to-day administrative issues that don’t require owner involvement, such as organising the repair of a broken lift.

Often though, a Strata Managing Agent is appointed (particularly when there are many owners), who acts as the Chairperson, and looks after the accounting, compliance and legal side of things for the Owners Corporation.

An Extraordinary General Meeting (EGM) may be called if there is something specific to discuss and vote on before the next AGM. For example, an owner may wish to propose having a by-law amended or added, or to renovate their unit, requiring the permission of the Owners Corporation.

Watson and Watson strata lawyers can assist owners, Strata managers and Executive Committees to understand the law and resolve Owners Corporation disputes. We can advice you about compliance issues, such as regulations regarding AGM’s and EGM’s.

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