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Strata renewal is a critical process for aging strata schemes in New South Wales (NSW), aimed at revitalising older buildings and enhancing their long-term viability. Governed by the Strata Schemes Development Act 2015 and the Strata Schemes Development Regulation 2016, the legislation provides a framework for owners to collectively undertake redevelopment or regeneration projects. In this article, we will explore the key aspects of strata renewal under the Act, outlining the process, requirements, and implications for owners and communities. Understanding Strata Renewal Strata renewal encompasses a range of activities aimed at modernising and rejuvenating existing strata schemes. It typically involves major renovations, redevelopment, or even complete rebuilding of aging buildings to improve their structural integrity, amenities, and overall appeal. The primary goal is to ensure that strata properties remain safe, attractive, and sustainable for current and future residents. It is important to note for schemes registered before November 30, 2016, opting into the strata renewal process requires the owners corporation's majority agreement via resolution. If not supported by over 50% of owners, no further action can be taken. Conversely, for schemes registered on or after November 30, 2016, these provisions automatically apply. Key Considerations Definition of Strata Renewal: The Act defines strata renewal as the process of terminating a strata scheme, amalgamating the lots, and creating new lots for a redevelopment project. Initiate the Collective Sale/Renewal Process: A strata renewal proposal, which involves selling or redeveloping a scheme, begins with consideration by the strata committee. Anyone, including current lot owners, can submit a proposal. The proposal must include specific details as outlined in the Strata Schemes Development Regulation 2016, covering the submitter's information, financial interests, purpose of the proposal, funding details, potential expenses, and impact on lot owners, including vacating timelines and potential buy-back options. Upon receipt, the strata committee has 30 days to evaluate the proposal. If deemed necessary, a general meeting of the owners corporation is convened within 30 days for further discussion. Appointment of a Strata Renewal Committee: Owners within a strata scheme can establish a strata renewal committee to oversee and facilitate the renewal process. This committee plays a crucial role in coordinating consultations, obtaining approvals, and managing the transition. This committee may enlist professionals like valuers, lawyers, and tax experts, if authorised by the owners corporation. Legislation ensures eligibility to vote and committee membership and also outlines procedures for voting, record-keeping, and addressing conflicts of interest. The Committee is responsible for preparing the Strata Renewal Plan. The Plan, mandated by legislation, must comprehensively cover specific matters outlined in section 170 of the Act and clause 33 of the Regulation. This ensures transparency and a detailed description of all proposed arrangements. Owner Consultation and Consent: Strata renewal requires extensive consultation with owners, including notifying them of the proposed renewal plan, holding meetings to discuss options, and obtaining their consent through a formal vote. A special resolution is typically required to proceed with the renewal process, meaning it is to be voted by at least 75% of the total unit entitlements in the owners corporation. It's crucial to understand the implications of the Plan before signing a Support Notice, as it can have significant legal, financial, and taxation ramifications for all parties involved. Seeking professional advice is recommended to fully comprehend the impact. Compensation and Entitlements: The Act outlines provisions for compensating owners affected by strata renewal, including payment for their lot and any improvements. Owners are entitled to fair and reasonable compensation, ensuring that they are not disadvantaged by the renewal project. In the case of a redevelopment, the Strata Renewal Plan must outline the compensation an owner will receive, regardless of their support or dissent. This compensation, known as the 'compensation value,' is determined based on the principles of 'just terms compensation' and includes factors like market value and relocation expenses. Owners are entitled to fair compensation, which is assessed by an independent valuer and reviewed by the Court. Approval Process and Consent Requirements: Strata renewal projects must adhere to strict approval processes outlined in the Act. This includes obtaining consent from a specified percentage of owners within the scheme and complying with relevant planning and development regulations. By submitting the Support Notice, you are consenting to partake in the collective sale or redevelopment outlined in the Strata Renewal Plan. It's imperative to seek independent advice regarding the Plan's implications and your responsibilities, including ensuring timely vacating of your unit, or ensuring your tenant does so, by specified dates. Benefits of Strata Renewal Enhanced Property Value: Strata renewal can significantly increase the value of properties within the scheme, attracting new buyers and investors. Get More Than Market Value: In the case of collective sale, you will receive more than market value based on the 'just terms compensation' principle. Improved Amenities: Renewed strata schemes often feature modern amenities, improved common areas, and upgraded facilities, enhancing the quality of life for residents. Structural Upgrades: Renewal projects provide an opportunity to address structural issues, improve building resilience, and comply with current building standards and regulations. Sustainable Development: Many strata renewal projects incorporate sustainable design principles, such as energy-efficient features, water-saving technologies, and green spaces, contributing to environmental conservation. Challenges and Considerations Owner Consensus: Obtaining consensus among owners for strata renewal can be challenging, as it requires agreement on the scope, cost, and timing of the project. Financial Implications: Strata renewal projects involve significant financial investment, including construction costs, compensation payments, and legal fees. Owners must carefully assess the financial implications and feasibility of the project. Regulatory Compliance: Compliance with planning, zoning, and building regulations is essential for strata renewal projects to proceed smoothly. Owners must engage qualified professionals to navigate the regulatory requirements and obtain necessary approvals. Strata renewal offers a strategic approach to revitalising aging strata schemes, ensuring their long-term sustainability and viability. With the provisions outlined in the Strata Schemes Development Act 2015, owners have a framework to undertake renewal projects collaboratively and responsibly. By embracing strata renewal, communities can unlock new opportunities for growth, modernisation, and enhanced livability, creating vibrant and resilient urban spaces for generations to come. Navigating the strata renewal process is complex, but with the right guidance and expertise, it becomes manageable. At Compass Strata, our experienced team is dedicated to ensuring transparency, compliance, and positive outcomes for your community. Contact us today to discover how we can support you through the strata renewal process and beyond.

With the rising popularity of electric vehicles (EVs), strata communities are facing a new challenge: how to accommodate the growing demand for EV charging infrastructure. As more residents make the switch to electric vehicles, strata properties must adapt to meet their needs and support sustainable transportation options. In this article, we'll explore the importance of electric vehicle readiness in strata communities and discuss strategies for implementation. The Benefits of Electric Vehicles in Strata Communities Electric vehicles offer numerous benefits for both individual owners and strata communities as a whole. By transitioning to EVs, residents can reduce their carbon footprint, decrease air pollution, and lower their transportation costs. For strata properties, supporting EV adoption can enhance property values, attract environmentally-conscious buyers and tenants, and demonstrate a commitment to sustainability. Challenges Faced by Strata Communities Despite the advantages of EVs, strata communities often encounter obstacles when trying to implement EV charging infrastructure. Limited parking spaces, outdated electrical systems, and concerns about cost allocation are common challenges that must be addressed. Additionally, navigating the complex regulatory landscape surrounding EV charging can be daunting for strata managers and residents alike. Strategies for Electric Vehicle Readiness To overcome these challenges and promote electric vehicle readiness in strata communities, proactive measures must be taken. Here are some strategies to consider: Conduct a Needs Assessment: Begin by assessing the current and future demand for EV charging infrastructure within the strata community. Identify potential locations for EV charging stations and evaluate the capacity of existing electrical systems. Invest in Infrastructure Upgrades: Upgrade the strata property's electrical infrastructure to support EV charging. This may involve installing additional electrical panels, upgrading wiring, and adding dedicated EV charging circuits in parking areas. Implement Smart Charging Solutions: Consider implementing smart EV charging solutions that allow for remote monitoring, billing, and scheduling. Smart charging systems can help optimize charging resources, minimise energy costs, and ensure fair allocation of charging access among residents. Develop Clear Charging Policies: Establish clear policies and guidelines for EV charging within the strata community. Address issues such as charging etiquette, billing procedures, and parking allocation to prevent conflicts and ensure equitable access to charging infrastructure. Educate Residents: Educate residents about the benefits of electric vehicles and the importance of EV readiness in strata communities. Provide information about available incentives, government rebates, and best practices for EV ownership and charging. Collaborate with Stakeholders: Work closely with strata committees, property managers, electricians, and EV charging providers to develop and implement a comprehensive EV readiness plan. Collaboration and communication among stakeholders are essential for successful implementation. Electric vehicle readiness is a critical consideration for strata communities looking to embrace sustainable transportation solutions. By investing in EV charging infrastructure, upgrading electrical systems, and implementing clear policies, strata properties can support the transition to electric vehicles and position themselves as leaders in environmental sustainability. With careful planning and collaboration, strata communities can pave the way for a greener, cleaner future. At Compass Strata, we understand the importance of electric vehicle readiness in strata communities. Our experienced team can help you navigate the complexities of EV charging infrastructure implementation, from conducting needs assessments to managing infrastructure upgrades and developing clear charging policies. With our expertise and guidance, your strata community can become a trailblazer in sustainable transportation, attracting environmentally-conscious residents and enhancing property values. Contact Compass Strata today to learn more about our tailored strata management solutions. Together, we can create a brighter, more sustainable future for your community.

By-laws serve as the cornerstone of community living within a strata scheme, ensuring that residents coexist harmoniously while maintaining safety and fairness for all. In essence, these rules set the standards for behavior and usage of common property within your building or complex. The Purpose of By-Laws Every strata scheme has its own set of unique by-laws, meticulously crafted by the owners corporation, formerly known as the body corporate. These rules are designed to address specific needs and concerns within the community, providing a framework for responsible living and respectful interaction among residents. Understanding Common By-Laws Among the most prevalent by-laws encountered in strata living are those pertaining to pets, smoking, short-term rental accommodations (such as Airbnb), parking, and noise. These rules are put in place to address common issues and promote the well-being of all residents within the strata scheme. The Strata Schemes Management Regulation 2016 provides model by-laws, which are sometimes adopted directly or more commonly serve as a foundation for customising specific rules tailored to the community's needs. Compliance and Enforcement Compliance with by-laws is vital for fostering order and harmony within the community. Breaches of these regulations can incur penalties from the owners corporation or, in severe cases, intervention from the NSW Civil and Administrative Tribunal (NCAT). By upholding the by-laws and respecting the rights of fellow residents, individuals contribute to a positive living environment for all. In the event of a breach, it's essential to refer to the specific rules outlined in your strata scheme's by-laws. This initial step clarifies community expectations and boundaries. If a violation is suspected, initiating informal resolution through direct communication is often the first step. This collaborative approach aims to address issues amicably. If informal attempts fail, a more structured approach may be necessary. The owners corporation or strata committee may issue a formal warning outlining the nature of the violation and required actions. If the breach persists, a notice to comply may be issued, specifying remedial measures and timelines. Mediation may be recommended to facilitate dialogue and resolution. Escalating unresolved breaches to the NCAT may be necessary, it has the authority to issue fines of up to $1,100 for breaches. Repeat offenses may incur fines up to $2,200, with failure to comply leading to fines of up to $5,500. Seeking NCAT intervention ensures impartial adjudication and appropriate penalties if warranted. Introduce New or Change By-Laws To propose or amend a by-law in a strata scheme, follow these steps: Write Proposal and Gather Support: Draft your proposed change and discuss it with other owners to gain support. Draft the By-law: Write the proposed by-law, ensuring clarity and legality. Consider hiring a lawyer if needed. Prepare Motion and Explanatory Note: Create a motion for the general meeting agenda, including an explanatory note detailing the proposed change. Submit Documents: Send the by-law, motion, and explanatory note to the owners corporation's secretary before the meeting notice is issued. Vote at the Meeting: Discuss and vote on the new by-law at the meeting. Approval requires a special resolution with no more than 25% of votes against. Register with NSW LRS: Within six months of approval, register the by-law change with NSW Land Registry Services using the consolidation/change of by-laws form. Submission must be made online by a qualified individual. In traversing the intricate landscape of strata living, Compass Strata stands as your steadfast guide, assisting owners in comprehending existing by-laws, ensuring adherence to established ones, and facilitating the process of proposing and implementing new by-laws when needed. With our expertise and dedication to empowering owners, we strive to foster harmonious and thriving strata communities where residents' voices are heard and their rights upheld. Trust Compass Strata to navigate the complexities of by-law management, allowing you to focus on enjoying the peace and security of your strata living experience.

Living in a strata community comes with its own set of rules and guidelines, and one topic that often sparks discussions is pets. Understanding the regulations around keeping pets in strata properties is crucial for harmonious communal living. In this blog post, we'll explore the ins and outs of pet ownership in strata communities in New South Wales (NSW) and provide key information on how to navigate the process. The Low-Down An owners corporation cannot prevent you from getting or owning a pet unless it causes 'unreasonable interference.' No fees, bonds, or insurance can be charged by the owners corporation for keeping a pet. An administration fee may be charged by your strata manager. If you're a tenant, your landlord has the authority to decide whether you can keep a pet. Owners corporations may require you to inform them in writing before getting a pet. Specific By-Laws for Pets Owners corporations can create their own rules for pets, typically outlined in by-laws. By-laws banning all pets are not valid, and restrictions based on size, type, or quantity may also be invalid. Information required for pet approval may include the pet's details, photo, vaccination records, and microchip number. It's worth noting the recent Strata Legislation Amendment Bill 2023 introduced some changes so owners corporations who haven't reviewed their by-laws in a while may need to get them updated. Unreasonable Interference and By-law Breaches Unreasonable interference includes behaviors that disrupt residents' peace, comfort, or convenience. By-law breaches, dangerous dog classifications, or breaches of nuisance orders may lead to unreasonable interference. Landlord Permission for Tenants Tenants need permission from landlords to own pets, and landlords can refuse without providing a reason. Landlords cannot ask for pet deposits or charge higher rental bonds for tenants with pets. Strata Dispute Resolution and Eviction Owners corporations cannot evict residents but may attempt to remove pets causing unreasonable interference. Proper processes, including issuing a 'notice to comply' and free mediation through NSW Fair Trading, must be followed. If unresolved, the dispute can be taken to the NSW Civil and Administrative Tribunal (NCAT) to seek removal of the pet. Complaints and Nuisance Orders Residents with concerns about other pets should first discuss the issue with the pet owner. Internal dispute processes or strata committees may be available for dispute resolution. If by-law breaches persist, the Tribunal or local council can be involved to issue nuisance orders. Assistance Animals Assistance animals cannot be banned, and by-laws affecting their duties are not allowed. Owners corporations may request evidence of the animal's accreditation or training standards without asking for private medical records. As a responsible pet owner residing in a strata community, practicing common courtesy is paramount to maintaining a positive living environment for everyone. Simple gestures like promptly picking up after your pet's waste not only adhere to strata by-laws but also contribute to the cleanliness and aesthetics of shared spaces. Another example of courtesy is ensuring your pet is appropriately restrained when in common areas, considering the comfort and safety of fellow residents. By embracing these small yet impactful practices, you play a crucial role in fostering a harmonious atmosphere within your strata community, where both pet owners and non-pet owners can coexist with mutual respect and consideration. Understanding the rules and regulations surrounding pet ownership in strata communities is vital for a peaceful living environment. Compass Strata is here to guide you through the process, ensuring compliance and harmony within your strata scheme. If you have questions or need assistance with pet-related matters, our experienced team at Compass Strata is ready to help.

Strata living offers many advantages, but one common frustration that residents often encounter is the seemingly endless wait for repairs to be completed. Understanding why strata repairs take time is crucial for fostering patience and maintaining a harmonious community. In this article, we'll delve into the intricacies of strata repair delays, shedding light on the factors that contribute to the waiting game. Establishing Responsibility: The initial hurdle in the strata repair process is identifying the party or parties responsible for the necessary repairs. Is it lot-owner or owners corporation responsibility? Is the responsiblity partial or in full? Is it covered by warranty? Complex Decision-Making Processes: Strata repairs involve a collective decision-making process. Committees and owners must discuss and agree on the scope, budget, and timeline of repairs. Achieving a consensus among various stakeholders can take time, especially when conflicting opinions arise. In cases where the problem is deemed a defect, the complexity deepens. The committee will most likely need to seek the guidance of legal experts. Contractor Availability and Scheduling: Securing the services of qualified contractors within a reasonable timeframe is a significant challenge. Depending on the nature of the repairs and the availability of skilled professionals, scheduling the work might be subject to delays. Qualified roofers for example are notoriously difficult to find. Adding to the challenge, some contractors simply refuse to provide quotes to strata communities, especially for smaller jobs, as they are perceived as "tyre kickers". Legal and Regulatory Compliance: Strata repairs must adhere to legal and regulatory standards, such as the Design and Buliding Practitioners Act 2020, which often involve obtaining permits and approvals. Navigating bureaucratic processes can extend the time it takes to commence and complete repairs. Financial Planning and Budgeting: Strata communities need to allocate funds for repairs, and this process may require careful financial planning. Waiting for budget approvals, collecting necessary levies, or exploring funding options can contribute to delays in initiating repair projects. Scope of Repairs and Project Size: The complexity and scale of the repair project influence the duration. Extensive repairs, such as structural renovations or major system upgrades, naturally take longer than smaller-scale fixes. Unforeseen Issues and Surprises: Once repairs are underway, unforeseen issues may arise, leading to additional delays. Discovering hidden problems or unexpected complications during the repair process can necessitate adjustments to the timeline. Communication Challenges: Effective communication is vital in strata communities. Delays may occur due to challenges in conveying information, aligning expectations, and keeping all stakeholders, such as the owner, tenant, property manager, informed about the progress of repairs. While waiting for strata repairs can be frustrating, it's essential to recognise the multifaceted nature of the process. Compass Strata's extensive experience equips us with a keen understanding of delineating responsibilities, streamlining processes, and minimising the bureaucratic run-around. Our expertise allows us to swiftly identify the party accountable for specific aspects within strata communities, ensuring efficient and effective resolution. With Compass Strata, you can trust in our adept navigation through responsibility complexities, bringing clarity and ease to strata management.

Parking problems in strata or community living can be a delicate issue, with visitor parking often becoming a point of contention. Whether residents or guests, individuals may misuse these spaces, causing frustration. Here are five actionable tips to address and resolve visitor parking abuse: Document It: Maintaining a register of individuals abusing parking privileges is a strategic approach to address recurring issues in strata communities. This register can serve as a valuable tool to track patterns, document instances of misuse, and aid in developing targeted solutions. By keeping detailed records, strata managers and committees can enhance their ability to enforce parking rules, issue notices to comply, and take appropriate actions to ensure a fair and orderly use of parking spaces within the community. Implement Clear Parking Signs: Ensure all parking areas are visibly signposted with clear messages such as 'Visitor Parking Only' or 'Visitor Parking – 2 Hour Limit.' If existing signs are damaged or unclear, replace them. Communicate to all owners and residents that parking rules will be enforced. Include Visitor Parking Time Limits in By-Laws: If your strata by-laws lack specific details about visitor parking, consider proposing amendments. By-laws can be updated to include time limits for visitor parking or any necessary rules. Address issues related to residents with overnight guests through policies that allow short stays. Install Parking Bollards: While there's an upfront cost, installing parking bollards can be an effective deterrent against unauthorized parking. Various types, including manual barriers and Bluetooth-enabled versions, cater to different budgets and enhance control over parking spaces. Serve a Notice to Comply: In cases of persistent parking abuse, issue a notice to comply to the offending vehicle owner. This notice informs them of the by-law breach, prompting them to move their vehicle. Failure to comply can lead to referral to an appeals tribunal, resulting in penalties for the offender. When anticipating visits from parents, partners, or friends for temporary but extended stays, it's advisable to take a proactive approach by communicating with both the strata committee and the strata manager. In many cases, they are willing to accommodate short-term visitors, and by informing them in advance, you contribute to a smoother and more transparent process. This communication fosters understanding and ensures compliance with any relevant by-laws. Parking often stands out as one of the most prevalent issues and a common source of conflict within strata and community living. If your community is grappling with parking challenges, don't hesitate to reach out to the experienced team at Compass Strata. With our wealth of expertise, we can provide valuable insights and solutions to help alleviate parking issues, fostering harmony and a smoother living experience for all residents.

Strata communities represent a unique blend of individual ownership and collective responsibility. From serene townhouse complexes to towering apartments to commercial blocks, these communities thrive on collaboration, effective communication, and skillful management. At the heart of it all lies the pivotal role of a strata manager, whose expertise and guidance are instrumental in ensuring the smooth functioning and harmonious interactions within these communities. In this article we delve into the fundamental elements that underpin the success of strata communities, exploring how adept strata managers play a vital role in their thriving ecosystem. Fostering Clear Communication One of the cornerstones of a successful strata community is clear communication. A proficient strata manager serves as the conduit through which important information flows seamlessly between owners, the strata committee, and service providers. Whether it's updates on maintenance schedules or reminders about upcoming meetings, timely and transparent communication lays the foundation for a cohesive strata environment. Encouraging Active Participation Encouraging active participation from owners is pivotal in nurturing a vibrant strata community. A proficient strata manager not only fosters a strong sense of ownership and belonging among owners but also motivates them to engage actively in meetings and decision-making processes. By empowering owners to play an active role, the manager cultivates a community where every voice is heard and valued, fostering collaboration and collective ownership of the community's well-being. Upholding Respect for Rules and By-laws Consistent enforcement of strata by-laws is essential for maintaining order and harmony within the community. A proficient strata manager ensures that rules are upheld impartially, providing guidance to residents on compliance and addressing any violations promptly. Through clear communication and fair enforcement, the manager helps create a respectful and law-abiding community environment. Supporting Effective Governance Behind every well-functioning strata community is a dedicated strata committee supported by a knowledgeable manager. From financial management to legal compliance, the manager assists the committee in fulfilling its duties effectively. By providing guidance and support, the manager empowers the committee to make informed decisions that benefit the entire community. Ensuring Financial Stability Sound financial management is essential for the long-term sustainability of a strata community. A competent strata manager oversees budgeting, reserve fund planning, and financial reporting, ensuring that resources are allocated wisely and transparently. By maintaining financial stability, the manager helps safeguard the community's assets and ensures ongoing maintenance and upkeep. Facilitating Maintenance and Upkeep Preserving the physical integrity of common areas and facilities is paramount in a strata community. The strata manager (in the absence of a building manager) takes the lead in coordinating routine maintenance tasks, obtaining quotes for repairs, and overseeing contractors. Through proactive maintenance and diligent upkeep, the manager ensures that residents enjoy a safe and well-maintained living environment. Resolving Conflicts with Diplomacy Conflicts are inevitable in any community setting, but how they are addressed can make all the difference. A skilled strata manager serves as a mediator, facilitating constructive dialogue and resolving disputes with diplomacy and fairness. By promoting open communication and conflict resolution mechanisms, the manager helps maintain peace and harmony within the community. Embracing Adaptability and Flexibility Change is inevitable, and a thriving strata community must be adaptable and flexible in its approach. The strata manager stays abreast of evolving regulations, trends, and community needs, advising the committee on relevant policies and strategies. By embracing adaptability and innovation, the manager helps ensure that the community remains resilient and responsive to changing circumstances. In conclusion, the success of a strata community hinges on the expertise and dedication of its strata manager. At Compass Strata, our team is committed to nurturing vibrant, harmonious environments where owners are thrive. From fostering clear communication to promoting community engagement and resolving conflicts, our skilled managers leverage their expertise to create inclusive and sustainable communities. By partnering with Compass Strata, strata communities can rest assured that they are in capable hands, dedicated to their well-being and long-term prosperity. Reach out today to switch up to a better strata journey.

Understanding the distinction between common property and lot property is essential for strata owners to navigate their responsibilities effectively. This knowledge forms the foundation for clear delineation of duties between owners and the owners corporation, ensuring transparency and harmonious strata living. Common property is defined in the Strata Schemes Development Act 2015 as follows: common property, in relation to a strata scheme or a proposed strata scheme, means any  part of a parcel that is not comprised in a lot (including any common infrastructure that is not part of a lot). Defining Common Property: Common property refers to the areas within a strata scheme that are collectively owned by all lot owners. These spaces are shared and typically include items like driveways, stairwells, gardens, and recreational facilities. The management and maintenance of common property are overseen by the owners corporation. Understanding Lot Property: Lot property, on the other hand, is the individual, privately-owned space within the strata scheme. This encompasses the actual apartment or unit and can extend to other areas like balconies or courtyards. Lot owners have exclusive rights over their lot property but must adhere to by-laws set by the owners corporation. Exclusive Use Areas: In some cases, a lot owner may be granted exclusive use rights to certain parts of the common property, like parking spaces or storage areas. These areas remain common property, but the specific use is allocated to a particular lot owner. Responsibilities for Maintenance: The responsibility for maintenance and repair varies between common property and lot property. Common property upkeep is a shared responsibility funded by strata levies, while lot property maintenance is the sole responsibility of the individual lot owner. By-laws Governing Usage: By-laws play a significant role in defining how common property and lot property can be used. These rules, set by the owners corporation, help maintain order, resolve disputes, and ensure that the rights and responsibilities of all lot owners are respected. Below is a general guide of Common Property versus Lot Property but it's important to note that owners or owners corporations possess the authority to alter, add to, or remove common property after the registration of the strata plan, provided they follow due process. This flexibility allows for adjustments and modifications to better suit the evolving needs and preferences of the strata community, subject to adherence to established procedures and regulations. The Strata Community Association offers a valuable resource titled 'Who's Responsible? A Guide to Common Property,' which presents a comprehensive list clearly delineating the responsibilities of owners and owners corporations. This document serves as a helpful reference, providing clarity on the distinct roles and obligations associated with common property within a strata scheme. When uncertainties arise regarding responsibilities for common property or lot property, it is advisable to consult with your strata manager. Their expertise and knowledge of the specific strata scheme can provide accurate guidance tailored to the individual circumstances of your property. From understanding the nuances of common property and lot property distinctions to addressing broader strata management requirements, our dedicated team at Compass Strata is devoted to ensuring owners stay informed, enabling them to make informed decisions. Contact us today for expert guidance tailored to your strata needs.

Strata living, with its diverse communal spaces and shared responsibilities, thrives on effective management. Two key roles play vital parts in this ecosystem: Strata Managers and Onsite Building Managers. While their objectives align in fostering a harmonious community, their responsibilities and scopes differ significantly. It's common for roles to overlap in smaller communities due to budget constraints that make it impractical to hire an onsite building manager. In such cases, the strata manager often assumes both responsibilities. Let's delve into the distinctions to gain a clearer understanding. Strata Manager: The Architects of Administrative Precision Strata Managers serve as the administrative architects, overseeing the broader aspects of strata living. Their role encompasses: Financial Oversight: Strata Managers handle budgeting, financial planning, and fee collection. They ensure transparent accounting practices, making certain that funds are allocated appropriately for maintenance, repairs, and shared services. Legal Compliance: Staying abreast of complex strata laws and regulations is a key responsibility. Strata Managers guide Owners Corporations on legal compliance, ensuring that decisions align with statutory requirements. Meeting Facilitation: From organizing Annual General Meetings to facilitating decision-making processes, Strata Managers act as the conduit for open communication and consensus-building among owners. Conflict Resolution: Strata Managers mediate disputes and conflicts, promoting a harmonious living environment. Their objective is to address issues swiftly and diplomatically. Onsite Building Manager: The Guardians of Day-to-Day Operations Onsite Building Managers take a more hands-on approach, focusing on the daily operations within a strata property. Their responsibilities include: Facilities Management: Onsite Building Managers handle the day-to-day upkeep of facilities such as gyms, pools, and common areas. They coordinate maintenance schedules and address minor repairs promptly. Security Oversight: Ensuring the safety and security of residents is paramount. Onsite Building Managers may coordinate security measures, respond to emergencies, and oversee access control systems. Tenant Relations: For rental properties within the strata, Onsite Building Managers often act as the first point of contact for tenants. They address concerns, facilitate move-ins and move-outs, and uphold community guidelines. Emergency Response: In the event of emergencies or unexpected issues, Onsite Building Managers play a crucial role in coordinating swift responses and ensuring the well-being of residents. While Strata Managers and Onsite Building Managers have distinct roles, their collaboration is essential for seamless strata living. Strata Managers provide strategic oversight and legal guidance, while Onsite Building Managers offer on-the-ground support for day-to-day operations. Together, they contribute to a thriving, well-managed community. Strata Managers as Multifaceted Guardians In strata communities where an onsite building manager isn't present, Strata Managers seamlessly step into the void, shouldering additional responsibilities to ensure the smooth operation of day-to-day activities. This includes overseeing maintenance tasks, coordinating repairs, and handling emergency situations. While their primary role revolves around strategic planning and legal compliance, Strata Managers, in the absence of an onsite counterpart, become versatile figures, adept at juggling various operational aspects. In such an all-encompassing role, the experience of the strata manager becomes quintessential. This adaptability showcases the dedication of Strata Managers to the wholistic well-being of the strata community, ensuring that residents experience a high standard of living even in the absence of an onsite building manager. At Compass Strata, our seasoned team is equipped to navigate diverse scenarios. Whether you seek strategic guidance or hands-on operational support, we are committed to elevating your strata living experience.

Are you a new owner venturing into the realm of strata living in New South Wales (NSW)? Congratulations on your property acquisition! As you embark on this communal living journey, understanding the dynamics of strata living is crucial for a harmonious and fulfilling experience. Here's a comprehensive guide to help new owners navigate the intricacies of strata living. Understanding Strata Living: What is Strata Living? Strata living involves shared ownership of a property, typically within a multi-unit complex. Owners, or "lot owners," collectively manage and maintain common areas, ensuring the overall well-being of the strata community. The Strata Committee: Each strata scheme has a governing body known as the Strata Committee. Comprising elected owners, this committee oversees day-to-day operations, financial matters, and decision-making processes within the strata community. Key Considerations for New Owners: Strata Levies: Strata levies are regular fees paid by owners to cover the shared expenses of the strata scheme. Understanding the types of levies, including strata fees, capital works fees, and special levies, is essential for budgeting purposes. Unit Entitlement: Unit entitlement determines the proportionate share of ownership each lot has in the entire strata scheme. New owners should grasp the concept of unit entitlement to understand their financial contributions and voting rights. By-Laws: Strata schemes have by-laws that outline rules and regulations governing community living. Familiarize yourself with these by-laws to ensure compliance and a respectful coexistence with fellow owners. Meetings and Decision-Making: Regular strata meetings provide a platform for owners to discuss important matters and make decisions affecting the community. New owners should actively participate and engage in these meetings to stay informed and contribute to the decision-making process. Engage with the Strata Manager: Strata schemes often employ a professional strata manager to assist with administrative tasks. New owners should establish open communication with the strata manager, seeking guidance on procedures, dispute resolution, and other strata-related matters. Talk to the Building Manager: In larger strata schemes, you may also encounter an onsite building manager. They play a crucial role in handling onsite issues, including coordinating move-in/out, managing bookings for communal facilities, and ensuring the day-to-day smooth operation of the property. Proactive Strata Living Tips: Open Communication: Foster open communication with fellow owners and the Strata Committee. Collaboration and understanding contribute to a positive strata living experience. Stay Informed: Regularly update yourself on strata-related developments, meeting outcomes, and any changes to by-laws. Being informed ensures you can actively participate in the strata community. Respect Common Spaces: Respect shared spaces and adhere to community guidelines. Consideration for fellow owners promotes a harmonious living environment. Now that you're settled into your strata living experience in NSW, it's natural to envision ways to enhance the management of your building and foster a stronger sense of community. At Compass Strata, we are more than ready to partner with you on this journey. Whether you're seeking improved efficiency, transparent communication, or tailored solutions to meet your community's unique needs, we have the expertise to turn your strata living goals into reality. Don't hesitate to reach out to Compass Strata for a collaborative approach to strata management. Our team is committed to working with you to elevate your community experience. Together, we can implement positive changes that contribute to the well-being and satisfaction of all residents. Contact Compass Strata today, and let's embark on this journey toward enhanced strata living together. Your community's success is our priority.

Unit Entitlement (UE) is a crucial concept in the realm of strata schemes, playing a significant role in determining the financial contributions and voting rights of individual owners within a strata development. This concept revolves around the notion that not all units or lots in a strata scheme are created equal. Here's a comprehensive breakdown of what Unit Entitlement entails: 1. Defining Unit Entitlement: Unit Entitlement represents the proportional value assigned to each individual lot or unit within a strata scheme. It serves as the basis for calculating levies, including strata levies, capital works levies, and special levies, as well as determining voting rights. 2. Allocation of Unit Entitlement: The developer or original owner of a strata scheme, usually with the help of a quantity surveyor, initially assigns Unit Entitlement during the registration of the strata plan. The allocation is typically based on various factors such as the size, location, and features of each lot. Larger or more strategically positioned lots may have a higher Unit Entitlement. 3. Financial Implications: Owners with a higher Unit Entitlement generally contribute more to the overall levies of the strata scheme. This ensures that those with more substantial interests in the scheme bear a proportionate share of the financial responsibilities. 4. Voting Rights: Unit Entitlement also influences the voting power of owners in key strata decisions. Owners with a higher Unit Entitlement often have more significant voting rights, aligning with their greater financial stake in the strata scheme. 5. Changes in Unit Entitlement: Changes to Unit Entitlement are possible but typically require the passing of a special resolution at a general meeting. Depending on the size and complexity of the scheme, it can be a complex and expensive process that typically involves legal and surveying professionals. Alterations might be prompted by modifications to lot sizes, amalgamation of lots, or other changes in the strata scheme. 6. Ensuring Fairness and Equity: The Unit Entitlement system aims to establish a fair and equitable distribution of financial obligations and decision-making influence among strata owners. It reflects the relative value and significance of each lot in the overall scheme. Understanding Unit Entitlement is pivotal for strata owners as it forms the basis for their financial commitments and participation in the governance of the strata scheme. If you have questions or need assistance navigating the complexities of Unit Entitlement, Compass Strata stands ready to provide expert guidance and support. Reach out to us today for effective strata management.

When diving into the world of strata, it's crucial to grasp the dynamics of strata levies, as they play a significant role in your ongoing commitment. However, the intrigue lies in the fact that not all strata levies are created equal. Low fees might raise a red flag, signaling potential issues with building maintenance or overall upkeep. In this blog post, Compass Strata unravels the mysteries surrounding strata levies, shedding light on why they differ from one building to another. Unveiling the Strata Levy Landscape Strata levies encompass different components, each serving a specific purpose: Administration Levy: These are the standard, recurring fees covering day-to-day expenses such as maintenance, cleaning, insurance, and common area utilities. They're an annual commitment for all owners. Capital Works Levy: Set aside in a dedicated fund, these fees cater to major renovations, repairs, and significant maintenance beyond the scope of standard daily operations. The fund may also finance upgrades and approved infrastructure projects. Special Levies: When capital works funds fall short for substantial improvements or urgent maintenance, special levies come into play. The implementation of these levies requires approval through a General Meeting vote. Both the Admin and Capital Works levy are struck quarterly, whilst the frequency of any Special Levy (if struck) will depend on the urgency in which funds are required. Deciphering Equality and Disparity in Levies While some buildings might have uniform strata fees for all apartments, most situations involve varying sizes and, consequently, different strata levies. The size and specific features of each unit contribute to the fee calculation. For instance, additional amenities like balconies, extra parking spaces, or direct courtyard access enhance a unit's value, leading to higher strata fees. Ultimately levies are struck based on your Unit Entitlement. Moreover, investors with multiple apartments are subject to individual strata fees for each property they own. This diversity in fees aligns with the principle of paying based on the specific value and attributes of each unit. Cracking the Code: How Strata Fees Are Determined Strata fees are not a one-size-fits-all scenario; they depend on a myriad of factors: Property Value: Strata fees often range from 0.3% to 1.2% of the property value. Buildings with added amenities command higher percentages, reflecting the overall value of the structure. Onsite Services: The level of onsite services, such as concierge, security, or cleaning, directly influences strata levies. More services mean higher fees to cover the additional costs. Location Matters: Desirable locations translate to higher property values and, consequently, elevated strata fee percentages. Investing in prime locations often comes with a premium on strata fees. Unlocking the secrets of strata levies can be challenging, especially for those new to strata living. Let Compass Strata be your knowledgeable guide through this complex terrain. If you seek expert assistance in strata management or have concerns about your scheme's financials, reach out to Compass Strata today. Allow us to handle the responsibilities of strata management, ensuring transparency and peace of mind for all lot owners.