part 1 on this topic, I talked about the responsibilities of
the Owners Corporation and the Executive Committee under the NSW
Strata Schemes Management Act 1996. In
part 2, I walked you through some information about what levies
and special levies are and when they come into play.
In my third and final blog of this series, I'll uncover the
benefits of preventative maintenance, dispute resolution strategies
and strata management solutions that are available to Owners
To avoid deterioration of valuable property, you may want to
discuss the adoption of a Preventative Maintenance Program (PMP)
with your Strata Manager. The PMP can also be referred to as the
Sinking Fund Assessment and it provides a schedule of information
about everything of value that could break down, wear out or
The benefits of a PMP are numerous and take into account
long-term and larger scopes of work, for instance, planning ahead
for regular works if you have property that is located very near
the ocean, or a property that has timber stained windows in full
sun. Having a preventative plan in place to avoid or account for
'major works' in the future, can help you to remove the
burden of unforseen costs from the equation.
Dispute resolution strategies
Whether it's pets on the premises, noisy parties, damage to
property or parking problems, an array of disputes can arise
between strata owners. The quickest avenues to resolution are
always the friendliest. Try talking through the problem
'face-to-face' and perhaps the misunderstanding will be
easily resolved. Don't underestimate the power of a kind
conversation with a neighbour. Alternatively, a polite letter from
the Strata Manager or the Executive Committee may also help your
But if things progress and a resolution doesn't seem like it
will easily be reached, a stronger dispute resolution strategy may
be required. Mediation by a third party can be organised with the
help of the NSW Fair
Trading. If this is unsuccessful, parties can seek further
relief through an application to the NSW Civil and Administrative
Tribunal's Strata Schemes Adjudicator.
Strata management solutions
Having a Strata Management Agent with a lot of experience behind
their agency will make for more efficient and structured
management. A solution to avoiding excess costs and monitoring time
management can be as easy as putting control in the hands of a
Good strata management comes from careful monitoring and
carrying-out of all the 'behind-the-scenes' work such as
maintaining records and financial documents, as well as liaising
and coordinating with appropriate authorities, lawyers,
tradespeople and specialists. Maintaining a strata scheme involves
a myriad of management tasks, and a professional with knowledge and
experience can make life a whole lot easier for you.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Warranties can be risk-shifting mechanisms when the party giving the warranty is not the party at fault for the defect.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).