Priscilla Hyde, Senior Development Consultant at SSKB has been racking up the frequent flyer points working with developer clients who are initiating projects across state boundaries and differing strata legislation regimes.
SSKB’s dedicated national Development Consultancy Team ensures that the developers of new projects based in either Victoria, NSW or QLD can get the right advice in structuring the titling of their development according to state legislation in their specific operating environment. These industry leading Development Consultants are co-located and aligned with experienced strata and community management teams.
Development Consultancy involvement early in the process ensures that the budgets and management agreements contained in “Off the Plan Contracts” are prepared with maximum diligence and foresight. This ensures the smooth operation of the completed development and the levies/body corporate fees are both fair and within market range for the purchasers of the apartments, thus reducing the contractual risk and enable the timely hassle free settlement of the completed project.
Our expertise across state boundaries is pivotal in assisting our clients to navigate the unfamiliar terms and rules around strata titling their developments.
The unique strata legislation in each state creates challenges for developers, as not only the terminology is different, speaking of Owners Corporations in Victoria and Body Corporate in QLD, but the operation of the strata schemes under the different Acts need to be clearly understood to achieve the desired result.
At SSKB we can interpret the legislation for the developers to reduce the risk in the project and to achieve a seamless process at registration of the scheme and at settlement.