013. The Keys To Effective Strata Budgets
The Keys To Effective Strata Budgets Links mentioned Get the transcript here! Andrew Terrell LinkedIn Profile https://wellmanstrata.com.au/our-people/andrew-terrell http://www.flat-chat.com.au Books / Podcasts mentioned: Strata Living Stories by Stephen Raff Planet Money (Podcast) Freakonomics (Podcast) Timferrissshow.com StartUp (Podcast) Your Strata Property (Podcast) Key Points/Timestamps 00:24 – Introduction and Overview 02:15 – Why it’s important to have a […]
6 things you absolutely must know about owning a strata property
Strata essentials: these are the 6 things you absolutely must know about owning a strata property: by-laws, levies, lot property vs common property, meetings, strata manager, committee.
Article: recovering unpaid strata levies and why strata managers should not be recording ‘expenses’ on owner ledgers
Due to popular demand, I have prepared this paper setting out my advice on the best practice to be applied when recovering unpaid strata levies, including my thoughts on the practice of recording ‘expenses’ on owner ledgers.
Article: strata levy recovery and the requirement for expenses to be reasonable, but not proportionate
The NSW Supreme Court has reminded us of the requirement for section 80 levy recovery expenses to be ‘reasonably incurred’ and ‘reasonable in amount’. If there is any doubt, costs will be referred for assessment.
IIB Australia Pty Ltd v Owners Strata Plan 76024 (No 2) [2015] NSWSC 929 (16 July 2015) was an appeal from a decision of the Local Court. In the Local Court proceedings, the Owners Corporation claimed against a lot owner:-