Flat Chat Strata Forum Rental rants Current Page

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    Jimmy-T
    Keymaster

      A lot of renters (and investors) love having on-site managers in their buildings.  The good ones are there when you need them, looking after the building while avoiding the petty politics of executive committees.

      But there is a downside. One consequence of the grubby practice of developers pre-selling management rights to their new buildings is that unit owners are locked into 10-year contracts, often paying excessive fees so that the managers can recoup the money they paid to the developers in the first place.

      Those payments are inevitably sheeted back to renters, especially when fees go up every year.

      North of the border, strata laws are very pro on-site managers and even encourage the pre-sale of management rights. Alarmingly for us, there’s a push from Queensland commercial interests to bring NSW laws into line with theirs, including a return to 20-year management contracts.

      So it’s appropriate that Griffith University on the Gold Coast is running a lively discussion forum on a website related to its Strata And Community Title conference later this year.

      Asking if we need different regulations for different developments,  the forum on strata-and-community-title-2011.ning.com,  provides a fascinating look into a world where short-term rentals are king and owner-occupiers are often on the outer. Have a look – once you get past the academic language, there’s some interesting stuff there.

      The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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    Flat Chat Strata Forum Rental rants Current Page