Latest Update - 21 May 2011 - An EGM for Imperial Gardens with over 25% of Owners represented have voted to remove Strata.
In recent months Strata has lost the Body Corporate Secretarial rights to Dynasty Gardens and Waterford Apartments.
Why have so many owners decided to move away from Strata? Perhaps that is the question that Strata should be answering.
STRATA TITLE FACTS
THE FACTS ABOUT STRATA TITLE ADMINISTRATION
STRATA TITLE ADMINISTRATION - AN INTRODUCTION
Strata Title Adminstration Limited (Strata) began as Accommodation Broker Limited, had a name change to Flathold Property Limited, before becoming Strata Title Administration Limited in 1996.
The sole director is Michael Chapman-Smith. The company has 1,000 shares on the register split between 5 parties, Mr Chapman-Smith has ownership/ control of 67.5% of the shares.
Strata has been involved in several high court actions where they have been dismissed as body corporate secretary. Various rulings from the High Court have deemed parts of the Strata Body Corporate Manual to be 'ultra vires' - ie beyond the legal authority granted to Strata
The sole director is Michael Chapman-Smith. The company has 1,000 shares on the register split between 5 parties, Mr Chapman-Smith has ownership/ control of 67.5% of the shares.
Strata has been involved in several high court actions where they have been dismissed as body corporate secretary. Various rulings from the High Court have deemed parts of the Strata Body Corporate Manual to be 'ultra vires' - ie beyond the legal authority granted to Strata
WHY ALL OF THESE COURT ACTIONS??
Why have Strata Title Administration Limited and Michael Chapman-Smith been involved in so many court actions compared to other body corporates?
SETTLED BEFORE GOING TO COURT
SOHO Apartments Auckland - this was settled prior to going to court. There were too many big name owners and property trusts involved as owners for Strata to risk going to court against.
PREVIOUS HIGH COURT ACTIONS
Strata have been involved in the following court actions where they have been replaced as body corporate secretary.
- 508 QUEEN STREET Apartments Auckland - 2009
- CITYGARDENS Apartments Auckland - 2008
- TUSCANY TOWERS Apartments Auckland
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