216. Why the real estate sector must understand strata – with Leanne Pilkington
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The President of Real Estate Institute (NSW), Leanne Pilkington joins me this week. We cover:
- why the relationship between property managers and strata managers needs to improve
- recent changes to disclosure requirements when it comes to tenants moving into strata
- how Leanne’s instinct drove her to start daily Facebook Live chats at the height of the pandemic
- Leanne’s refreshingly positive view of the future of the residential property market
Links mentioned:
- Get the transcript here!
- Residential Tenancies Act 2010
- Residential Tenancies Amendment (Review) Act 2018 No 58
- Fair Trading – Changes to the residential tenancy laws
- REINSW website
- REINSW Membership
- Laing + Simmons website
- Courageous Conversations
- Tim and Leanne’s COVID-19 update
- Real Women in Real Estate website
- Leanne Pilkington Linkedin
- Leanne Pilkington Instagram
- Happy Hour with Dr. Nicole Johnston
- Your Strata Property Facebook page
Great discussion about knowledge of strata by sales agents. I have also found that buyers solicitors/conveyancers are culpable as well. I have rarely found a solicitor explain to a buyer what strata living means and especially what the by laws are and mean. For instance people buy a strata property and dont check whether they can keep an animal. (The sales agent may say a pet is allowed but the real answer lies in the by laws). Also its rare for a solicitors/conveyancers explain what the buyer is buying (ie lot property vs common property)
I agree with Mr Budniak comment. Buying in a Strata Scheme is very dangerous at the moment because most people do not know what they are buying,
Thanks Amanda!!