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Exclusive Use By-Laws: Attic, Courtyards and Car Spaces

Exclusive Use By-Laws: Attic, Courtyards and Car Spaces

Introduction For lot owners in a strata scheme, securing exclusive use of certain common property areas, such as attic spaces, courtyards, or car spaces, requires a common property rights by-law. This by-law grants a specific lot owner the right to use and, in some...
Is ‘Location’ Everything When It Comes To Property?

Is ‘Location’ Everything When It Comes To Property?

When the housing market is booming, buyers will compete for practically any available property. When the party’s over, only the savviest homebuyers will be left with the most valued property that also depreciates at a far slower rate of depreciation, according...
Owners Corporation: Capital Works Fund and Administrative Fund

Owners Corporation: Capital Works Fund and Administrative Fund

Most strata owners often tend to fail in managing their budget due to a lack of planning and understanding of strata by-laws in Sydney. To understand and manage your owners corporation operating budget you require in-depth knowledge and understanding of every aspect...