COVID-19 Update

February 22, 2019

COVID-19 Update for Strata Schemes

With the impact of COVID-19 to the global and local economy, our experts provide a detailed update of what owners corporations, committees, and residents can take to stop the spread and manage their buildings budgets effectively over the coming months.

Apartment and strata living during a pandemic

closure of services - gyms/pools

hand sanitises

lift limits

Implication of current NSW rules

Financial Support for Owners

Waive interest charges for overdue levies

Review non-essential expenditure

Halt new debt collection activity

Impacts to property investors

Rents

Property managers

Moving in/out

Meetings

Committee general meetings

switch to free video or teleconference services

Electronic voting

Changes to Operations

No face to face meetings

No site visits

Working with selected essential trades people

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