Massons

Strata & Strata renewal

Specialised strata advice

All aspects of strata management documentation including drafting key management documentation and by-laws. Dealing with architectural codes. Drafting strata, community and building management statements. Advising on common property-related disputes.

Strata renewal, collective sales and redevelopment

Managing strata renewals by way of collective sale or redevelopment or redevelopment. Advising on process and compliance requirements in the context of a Part 10 renewal, as well as management requirements, development of the strata renewal plan, and court order approval process. Acting for owners corporations, developers and institutional stakeholders in some of largest and most complex collective sale, strata renewal and redevelopment projects, including contested renewals and multi-lot acquisitions.

Recognised expertise in both the legal and practical implementation of strata renewals, including large-scale, complex and contested renewals.

Strata renewal is viable for schemes where:

  • there is a 75% majority interested in pursuing strata renewal (75% of lot owners and 75% of unit entitlements);
  • the scheme is currently under-utilised; and
  • individual lot values can be significantly increased by redevelopment or collective
  • sale (ie selling all lots in “one-line” rather than individually)

Strata termination

Advising on, and implementing, termination of a strata scheme by unanimous consent.

Relevant Case Studies

Strata renewals – Various

Strata Renewal

Collective Sales – Potts Point

Strata Renewal

Termination of commercial strata scheme – Sydney CBD

Strata Scheme Termination – Unanimous Consent

Acquisition & Amalgamation of entire community scheme – Newcastle CBD

Community Scheme acquisition & termination

Australia's commercial property law experts

Enquiries

Phone: +61 2 8923 0900
Email: property@massons.com

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