In Victoria the manager has the power to service notices in accordance with the Owners Corporation Act 2006. If they've coordinated the agms correctly the OC can also resolve to charge interest in accordance with the Penalty Interest Rates Act. This is a very affective way to get owners to pay on time as the fees owing become more costly for them.…[Read more]

i all As stated in one of the posts. In victoria you are not required to get permission from the Owners Corporation unless the renovations you do to a lot is going to affect the outward appearance or enjoyment of the OC (e.g. installing a pink fence at the front of your lot or a massive satellite dish). Any renos within your lot should be…[Read more]

For future reference You are entitled, by law, to request to view the owners corporation records such as minutes and financial statements. They Owners Corporation manager must provide this if requested. As detailed above, always obtain this information prior to purchasing as it may even give you negotiation power to reduce the price if the…[Read more]

Hi Marsmac  For future information on any unit you buy in Victoria, by law all Owners Corporations must  have strata insurance to cover them for public liability and the building. If owners have not paid then they are potentially legally liable for any cost incurred. So if the place burns down or if someone falls over and hurts themselves a…[Read more]