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What issues can come up with a self managed Strata building?

Every so often we come across a small block of units or townhouses that have a self-managed owners corporation. This can be a very effective way to keep costs down if all units are owner occupied and all owners have a vested interest in ensuring the building is well maintained. But there can be pitfalls […]

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Strata levies – low levies can be a false economy

Sometimes when pensioners or investors dominate the ownership of a building or complex we see historical pressure to keep strata levies low. The discretionary portion of the levy is the sinking fund contribution, so when building issues arise, or upgrades are required, there is no money in the pot. So, what happens next? Either the […]

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