STRATA CHANGES NOW LAW

22 Nov 2016

The much mooted changes to Strata Legislation came into effect on 1 November. The most radical change is that from now, if 75% of owners want to sell, the others in the building must also sell. There is a complicated procedure involved but it’s still a major change. Many of the other changes relate to restrictions on Developer and Agent proxies and voting. Owners will need to sign new agreements with their agents. There is also some help for Owners Corporations to control parking. Overall, a tick of approval to the Government.