Unit Entitlement – How is it calculated ?

If you are an owner of a strata unit you would more than likely come across the term “Unit Entitlement”. Many people believe that it is based on the size of the lot, it’s not! The haphazard way of determining the entitlement on smaller schemes may have put you at a disadvantage. When developers register …

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Major Changes to Strata Laws

Collective Sale and Renewal On 1st July 1961 the NSW Conveyancing (Strata Titles) Act came into force with the first strata being registered in Burwood. 55 years on and we now see a lot of strata buildings become very tired with minimal refurbishment and updating. On 28th October, 2015 the NSW Parliament passed legislation in …

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DONT GET CAUGHT OUT BY THE ATO NEW RULES FROM 1 JULY 2016

MAKE SURE 10% OF YOUR PROPERTIES VALUE DOESN’T GO TO THE TAX OFFICE. In a bid to assist in the collection of foreign residents’ Australian tax liabilities,  from 1st July,  2016 the Australia Tax Office will direct ALL purchasers of certain types of property to withhold 10% of the purchase price and pay it directly …

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Land Ownership, Joint Tenancy V Tenants in Common

Land Ownership, Joint Tenancy V Tenants in Common When acquiring property with friends, family or business associates make sure you are aware of the differences between the two forms of legal ownership, Joint Tenancy or Tenants in Common. The default agreement tends to be as joint tenants though the difference is enormous. There is one …

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Asbestos & The Work Place

DO YOU COMPLY?   WORK HEALTH AND SAFETY (WHS) ACT 2011 COMPLIANCE REQUIREMENTS FOR ASBESTOS Asbestos was widely used in building materials before 1987 so if your property was built or renovated before 1987 it most likely contains asbestos. Every non residential building built prior to 2004 must have an Asbestos Audit If Asbestos is …

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