Question: Is it a requirement under NSW strata legislation to have a signed agreement with a strata manager?
Is it a requirement under NSW strata legislation to have a signed agreement with a strata manager?
We have been on a month by month arrangement for the past few years. We’ve received an email indicating that we needed to sign a contract as a requirement of NSW strata legislation.
Answer: This is correct
This is correct – see Section 49 of the Strata Schemes Management Act 2015 (NSW). This is also a requirement under the Property Stock and Business Agents Act, in the absence of which, the strata manager may be prevented from retaining their commissions.
This post appears in Strata News #616.
Leanne Habib Premium Strata E: info@premiumstrata.com.au P: 02 9281 6440