In our video series Michael Vumbaca, General Manager at Jamesons Strata discusses the changes that have been made to the strata by-laws.
Each strata scheme over the next 12 months will have to review their by-laws and decide on any changes they want to make. That means that in the next 12 months, you will see a motion on your AGM agenda that asks you to review your by-laws and make changes where appropriate.
Some of the key changes in the new model By-Laws include smoking, pets, and visitor parking. These were some of the key issues that annoyed residents in strata’s.
Jamesons first impression of the new by-laws is that it meets a lot of the needs of people in strata in the modern day. We believe that they’re going to be a good thing for the industry and will benefit both owners, tenants, and all stakeholders in the industry for many years to come.
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You should discuss planning a review of your schemes By-Laws well in advance of the AGM to get the ball rolling on your review. There are lots of possible changes that can be made.
Jamesons are a family run business that have provided Sydney residents with strata management services for over 50 years. If you would like more information regarding strata management, please contact Jamesons Strata Management on (02) 8969 3400.