Question: If a strata block of units is zoned residential, can someone operate a manufacturing business from a unit? The person with the manufacturing business does not live in the building but owns the lot.
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Question: Our OC’s General (Admin) Fund is in deficit and the strata manager has been paying day-to-day and reoccurring costs (including their monthly strata management fees) from the Sinking Fund. The EC has agreed to this arrangement, but the OC hasn’t agreed. Is this legal and what can be done about it?
Many Owners Corporations routinely add in the costs of letters of demand and levy recovery onto the lot’s ledger as most lot owners do not challenge this. However, Owners Corporations should keep in mind that if it is challenged, the added charge would not stand up.
Question: If the body corporate uses sinking fund monies to purchase shares in a Pty Ltd company, who then are the shareholders in the case of a body corporate?
Question: If a strata management company has separate trust accounts for each scheme, is a yearly audit required on those trust accounts or is this only a legislative requirement if pooled trust accounts for all managed schemes are held in the same trust account?
Question: In high-rise, residential strata buildings is a certificate of occupation required to be on display? I live in a residential strata building and I have not seen a certificate of occupation displayed.