LookUpStrata regularly partners with QLD strata professionals to hold informative strata webinars for our audience of lot owners, industry professionals and the broader QLD readers. Our webinars may also feature Q&A sessions where the panelist/s answer questions that have been submitted by our audience both leading up to and during the session.
Please see below for our QLD Strata Webinars. At the end of each webinar, QLD strata webinar recordings will be added as soon as possible to the list below.
QLD: Caretaking Agreements and Extensions + Q&A | Jessica Cannon from Cannon + Co Law – Oct 2021
The information discussed during the session centred around whether a body corporate can reasonably say no to an extension/top up. Jessica shared her thoughts on the matter, explaining how in her opinion, there is already a cap that exists on caretaking and letting agreements – being the maximum 25-year term for Accommodation Module schemes and 10 year term for Standard Modules schemes.
Bodies corporate are under no obligation whatsoever to agree to subsequent rights or options to extend agreements.
- Bodies corporate do have a say, and are entitled to say ‘no’ to a motion that proposes to insert a subsequent right or option in the agreements.
- Committees can work with the Caretaker so that the variation supports both parties’ best interests.
As always, the presentation is followed by a short Q&A session where Jessica responds to some very interesting questions submitted by our audience on the topic.
The presentation accompanying the session can be accessed via this link.