Ensure you never miss an issue of the
real estate business bulletin
What strata law reforms mean for PMs

What strata law reforms mean for PMs

What strata law reforms mean for PMs
by Hannah Blackiston 0 comments

The strata law reforms come into effect today. How prepared are you?

The key changes that will affect property managers are:

• Making it easier for owners to complete cosmetic and minor renovations;
• Making it easier to hold meetings and vote on decisions using modern forms of communication; 
• New options for addressing issues of parking, pets and smoke drift; and
• Ensuring tenants can play a valuable role in the life of their strata scheme.

A strata hotline has been established for PMs, tenants and investors who have queries about the changes and how they will affect them.

NSW Fair Trading Commissioner Rod Stowe expects the changes will “improve strata living for over two million people who own, live or manage strata schemes across the state”.

“With major updates made to the existing strata laws, our contact centre officers who specialise in strata law have been familiarising themselves with the changes to ensure that they are equipped to provide the right assistance and advice,” Mr Stowe said.

Property managers should familiarise themselves with the new laws if they haven’t already done so and understand how they will affect PMs and tenants.

PMs should also be ready to field questions from landlords.

What strata law reforms mean for PMs
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?