Indemnity Agreement
Indemnity Agreements (Assumption of Responsibility Agreement) make owners responsible for repair and maintenance of what would otherwise be the responsibility of the strata corporation. The floor upgrading is included in this kind of Indemnity Agreement as the strata insurance will not cover the upgrading and there might also be a noise issue in the future. Who should sign the Indemnity Agreement on behalf of the Strata? The Act of Indemnities and Guarantees provides that the
Can a strata lot owner claim the strata insurance coverage
Yes, they can do so without anybody, including a strata council's, approval. According to Section 158 of the Act, the deductible is a common expense to be contributed to by strata fees. Each unit owner/occupant is a named insured on the strata corporation’s policy, so each one can make a claim if his or her property is damaged by a covered peril. Section 158 explicitly states that it does not limit the capacity of the strata corporation to sue an owner to recover the deductib
Whose responsibility for pest control in a strata lot
In most infestations of rodents and insects, access begins out doors and through the common property. It could be through vents, foundations, walls, balconies, windows and doors left open in the warm season, or failures in the building envelope system. The point of access is common property, unless you are a bare land strata where owners are responsible for their own buildings that are not shown on the strata plan. Understanding access is the first step to understanding re