I did a search recently where a special levy was issued. A special levy is one of many red flags in a strata search, an indication there may be bigger problems so, hey, you best investigate. On that occasion the small special levy turned out to be the tip of a complex situation that’s going […]
posted on April 29, 2015 by
How to Get Building and Construction Defects Rectified
I had this email recently: Altered slightly to preserve anonymity. Our building is 8 years old. From day 1 we have pretty well had problems with a leaking roof. Each time we called the builder to rectify they have come and done a patch up job. With the heavy rains, this has been an ongoing […]
posted on April 22, 2015 by
Case Study: The Consequences of Apathy in Bodies Corporate
Apathy in a body corporate is cause for alarm. It’s also a problem that is rife. Many people buy a unit with nothing but a rudimentary understanding bodies corporate and how they work and then proceed to ignore and complain about the body corporate as if it’s of no relevance to them at all. Unfortunately for a […]
posted on April 15, 2015 by
Case Study: Can My Body Corporate Force Me To Install A Water Meter On My Lot?
I had an email not long ago from a lot owner who prefers to remain anonymous about the body corporate wanting to install water meters. In fact the scheme had passed a motion at the AGM to install the water meters at the individual lot owner’s costs. The question was, can the body corporate actually […]
posted on March 25, 2015 by
15 Signs of a Healthy Body Corporate
A healthy body corporate is what every purchaser wants when they buy a unit. A pre purchase strata report is all about investigating the scheme to find that out. How exactly do we do that? I did a search where the client specifically requested that I look for evidence on the effectiveness of the Committee. Luckily […]
posted on February 25, 2015 by
14 Examples of Corruption, Coercion & Bad Behaviour in Body Corporates
I know I spend a lot of time focussing on the negatives of body corporates, and clearly this article about corruption in body corporates is not going to be any different. I do have a purpose here though, I’m building a library of information to help people navigate occasionally murky body corporate waters. To be fair, […]
posted on February 11, 2015 by
3 Common Body Corporate Committee Issues That Will Affect All Lot Owners
It’s a common myth that the body corporate manager is in charge of a body corporate, so much so that it often comes as a surprise for those new to strata schemes that it’s actually a Committee who have the power and responsibility; well the Committee along with all the lot owners. One of the […]
posted on January 21, 2015 by
5 Signs Of Poor Body Corporate Management
There’s nothing quite like that sinking feeling when you realise things have gone pear shaped when you weren’t looking. It’s particularly pertinent for strata schemes where most lot owners’ only brush with their body corporate management is paying levies and voting at annual meetings. Although there is “help” available when disputes arise there is no oversight to body corporate management […]
posted on May 16, 2014 by
The Most Common Body Corporate Problems (in no particular order)
Although every building is uniquely individual there are a number of body corporate problems that come up over and over. This article is about some of those recurring issues. Be aware these are in no particular order and they have different levels of severity. Some of them are annoying, some are just painful and others […]
posted on March 24, 2014 by
Body Corporate Disputes: Who Are These People?
One of the key strengths of body corporates is the ability to build a community, a place where people feel safe, connected and involved. Communities are all about people. And therein lies the problem. We all know people we like, and those we don’t, people we respect and people who just flat out make us […]
posted on February 6, 2014 by
4 KPI’s To Tell If A Body Corporate Is Financially Sound
A body corporate is a mechanism for managing common property. A mechanism funded by lot owners. Body corporates can and do run into difficulties stemming from many different issues. And if they get into difficulty they’re most likely going to finance any extra funds needed by way of levies on the lot owners. If its important to you […]
posted on January 30, 2014 by
Body Corporate Problems: The 5 Areas Where Things Go Wrong
For the most part body corporates are well managed, fiscally sound, have a great mix of residents and make for good investments. Sometimes though, they’re not any of those things and the results can be incredibly costly and stressful. Body corporate problems come up in all sorts of areas, some easily dealt with, some not so […]
posted on November 12, 2013 by
The Dangers Of A Majority Lot Owner In A Body Corporate
This week in Purchase or Pass a two bedroom, one bathroom, clean and tidy lot in a good location with pleasing aspect was the subject of discussion. The catch: One lot owner has a 75% majority holding within the building. The panel of experts unanimously agreed they would pass on this opportunity, despite each believing the […]
posted on April 8, 2013 by
Deficit In Body Corporate Funds
A deficit in the body corporate funds is a definite red flag as often it’s an indicator of a more serious issue financial issues. A body corporate is a legal entity, just a like a company or individual, and just like companies or individuals body corporates can run into financial problems, incur debt and be made bankrupt. […]
Unless stated otherwise all the information on this website relates to Queensland legislation.
