Tuesday, September 18, 2012
Changes to Strata Laws
Changes are being proposed regarding strata titles. One of the main changes is to allow a strata property to be sold despite some of the owners not agreeing. The objective is to prevent a small proportion of the owners from preserving old and decaying buildings that would be better off demolished and rebuilt. However there must be effective checks to protect the rights of those who legitimately want to keep their houses.
Another proposal for change regards the level of competence of strata managers and strata committees, who might be managing large annual budgets yet have not even read the local bylaws or the strata act. It is proposed that for large buildings the executive committee should be required to attend training, and basic online training should be made easily accessible to everyone else.
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