Both the Strata Schemes Management Act 2015 No. 50 and the Strata Schemes Development Act 2015 No. 51 were assented to on 5 November 2015. These bills have far reaching impact on unit owners and developers dealing with unit owners. Hones Lawyers are presently preparing an outline template in for use by owners and developers. The full details and forms will not be completed until the regulations of those acts have been finalised.
We have been approached by groups of property owners who have decided that the sale of a number of adjoining lots would yield far better return than the sale of individual lots. We have prepared templates and agreements for this form of sale. If you are thinking of this type of arrangement, then you should see the expert team at Hones Lawyers who can prepare documents and give you advice and assistance on both the commercial and the planning aspects of your matter.
We were recently successful in a significant court case which proceeded to the NSW Court of Appeal.