Is it ethical for a strata manager to engage their own company for a building insurance valuation without owner consent?

By Admin LUS,

What are the statutory and other requirements for an owners corporation to obtain updated building insurance valuations for insurance purposes?

Owners at our AGM unanimously voted to retain the existing building insurance coverage for the remaining four months of the policy. A week later, our strata manager engaged their brand company to prepare an updated valuation report without any advance notice or owner's consent. The manager has now recommended the strata committee increase our coverage immediately.

Can a body corporate committee lend money to lot owners for services carried out on their lot?

By Admin LUS,

The body corporate is located in Queensland, is a Building Format Plan and the Standard Module Regulations apply. Can a body corporate committee lend money to lot owners to pay for services undertaken to their lot?

If this is permitted, do these loans have to be approved by the body corporate at a general meeting?

What guidance should owners expect from their strata manager when a building defect is found?

By Admin LUS,

Owners are not experts on defects and remedial works. The first person contacted after the potential defect is found would probably be the strata manager. What guidance should owners expect from their strata manager to put the CoO on the right track?

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