@Jimmy
Yes, a Strata Panel (with its duty to inform the parties as to what the law is and is not) is a very good option for lot owners and OCs especially as it does not close the door on applying to NCAT if a party is so minded.
While you’re on the reform beat, may I suggest another reform that is very much needed I believe: to the complaint process via FT when a lot owner has serious gripes with the conduct os strata agents.
I understand that a lot owner writes to FT, chapter and verse about his/her gripes.
FT looks into the claim and if one or more parts of it has legs, then FT will take the matter up with the strata agent.
But here is the rub: the lot owner will not be told
* What the strata agent says in reply to the lot owner’s claims as relayed by FT to the agent; and
* If FT takes any compliance action against the strata agent, the lot owner will not be given the details.
Sounds like the legislation is dramatically skewed to the agents.
@propertypaul
I don’t understand why anyone would want to appoint a building manager (as in superintendent?) for more than 5 years as there could be significant changes in that period. It would be in the OC’s interest at the 5 year mark to reconsider re-appointing or not.
As for strata agents, I never understood why OC’s offer terms >3 years.
A 10 year contract – with I assume annual increases – smells fishy.