- The by-laws currently in place in your existing building will stay exactly the same, regardless of any changes in the standard by-laws.
- The new by-laws will apply only to strata schemes created after the law is changed.
- It's up to you and your neighbours to change your current by-laws but that requires an overwhelming majority of owners, voting on the basis of their unit entitlements at a general meeting, to agree. Their stated hope is to make strata schemes more self-regulating, with by-laws that reflect the lifestyles of current residents, rather than being stuck with out-of date, one-size-fits-all rules that suit only a minority.
- Right now, even if 70 per cent or more of owners are in favour of pets, for instance, just a quarter of those who turn up and vote at a general meeting – or, significantly, own a quarter of the real estate of all those voting – can block changes to anti-pet by-laws.
- Even worse, a highly motivated minority can slip by-law changes past frequently disengaged and apathetic owners – a low turnout at a general meeting is the norm rather than the exception – then block any return to the status quo when their neighbours wake up to what's happened.
But that's NSW...
For the full article, click here
Stay tuned for more information on how states and territories deal with strata by-law changes....
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