The impending strata law reform bill for NSW includes provisions around compliance and performance issues for strata managers.
A key item within the bill requires the managing agent of a strata plan to disclose at each annual general meeting the circumstances, amount and services provided in respect of any commissions received during the previous 12 months.
Another proposed reform requires the managing agent to obtain a minimum of three quotes when sourcing products and suppliers for the strata plan such as insurance.
Membership in an owners corporation through owning or purchasing a unit/townhouse in group title shouldn't be about paperwork and worry. It should be about enjoying the benefits of what is still the fastest growing property segment. Community title investment should enable you to relax, and enjoy the really important things in life.
CSTM specialises in the management of group title properties. Our proactive approach to strata management ensures you have the choice to be involved as much or as little as suits your lifestyle in the stewardship of your community title investment.
CSTM has a wealth of experience managing a wide array of owners corp properties under various group title structures. With this blue-chip experience, and combined with our firm focus to stay at the forefront of the latest developments in the strata industry, aligning with CSTM means you can relax and enjoy the rewards of your owners corporation membership.