New Strata Laws
Strata & building management agreements, we can help you.
Our strata lawyers have significant experience in developing strata and building management agreements in line with the new strata laws.
The new complex rules introduced in 2016 include major changes to the way in which strata managers are appointed and their length of term.
What are the main building agreement changes?
Some of the main legislative changes for building management agreements include:
- Any rollover strata management agreements that have expired, the original term of appointment expired on 30 May 2017
- Strata management agreements that commenced before 30 November 2016 will end on the expiry date stated in the agreement, however it is important to know that they cannot go beyond 3 years after the start date
- Following the appointment of the selected managing agent at the first annual general meeting (AGM), strata management agreements will be limited to a term of 12 months and up to 3 years thereafter.
- When a strata manager is appointed by a developer before the first AGM, then that appointment ends at that meeting meaning that at the first AGM, a new agreement will need to be approved
- A strata committee can extend the period of an appointment for successive periods of up to 3 months but not beyond any period that extends past the date of the next AGM
- For 3-year agreements where a strata committee decides not to reappoint an agent and fails to provide written notice, the agent will be able to extend the appointment for a maximum of 3 months
- A developer of a strata scheme, or a person connected with the developer, cannot be appointed as the strata managing agent for the scheme until 10 years after the registration of the strata plan
Our Strata Lawyers have a full understanding of the new strata laws and can assist you with new agreements in line with the new legislation.
Review Your Strata Agreement
We know the new agreement laws.
The right strata and building manager agreement can make a world of difference to strata schemes.
It’s important to ensure that they reflect current building needs and strata laws.