“These changes will improve strata living for over two million people who own, live or manage strata schemes across the state.”
Key changes to the reform include:
- Making it easier for owners to complete cosmetic and minor renovations
- Making it easier to hold meetings and vote on decisions using modern forms of communication
- New options for addressing issues of parking, pets and smoke drift
- Ensuring tenants can play a valuable role in the life of their strata scheme
- A new collective sale process enabling owners to jointly sell and/or redevelop their strata scheme, which the NSW Land and Environment Court must ensure is ‘just and equitable’ for the owners.
To find out more about the strata reforms visit REINSW’s Strata Reform Hot Topics page here.