Common Contracts
1 similar Strata Management Agreement contracts
STRATAStrata Management Agreement • May 14th, 2018
STRATA ABBREVIATIONS & DEFINITIONS TERM ABBREVIATION DEFINITION Agency Agreement AA A binding legal agreement used to agree to the Strata Management of a Scheme. This will list standard management fees, term of the agreement,insurance commissions as well as any additional costs agreed to by the parties involved. Annual Fire Safety Statement AFSS An annual compliance document required by Local Council and NSW FireBrigade to ensure any essential fire safety measures listed as part of the Occupancy Certification are functional and ready for use. MANDATORY Annual General Meeting AGM This is the annual meeting of the Owners Corporation. This meeting is generally used to decide items such as insurance renewal terms, StrataManagement, Appointment of Strata/Executive Committees and levy contributions to name a few. By-Laws BL These are a legally binding set of rules that are registered for the Scheme. Failure to abide by these rules can result in breach notices, notice tocomplies and possibl
