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ARTICLE · 15 APRIL 2020

COVID-19: Tips for owners corporations, strata committees and strata managers

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Owners corporations, strata managers and strata committees should be aware of their ongoing obligations during this pandemic.

AustraliaReal Estate and Construction
Helen Kowal
Helen Kowal
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In these unprecedented times, there is a lot of uncertainty for businesses and individuals. This uncertainty extends to the ongoing and satisfactory functioning of an owners corporation.

Strata Managers and Strata Committees should be aware of their ongoing obligations to ensure that an owners corporation continues to function satisfactorily during the Covid -19 disruptions.

Levies

In the case of financial hardship of its owners, a Strata Committee may wish to initiate a review of the current viability of the administration fund and capital works fund of the owners corporation, consider upcoming essential payments, and, if possible, resolve to allow owners:

  • an extension of time to pay their scheduled levies;

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For further information please contact:

Michael Byrnes, Partner
Phone: + 61 2 9233 5544
Email: [email protected]

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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