Apartment Owners, developer and Owners’ Management Companies (OMC) have clearly set rights and obligations which have been established by the Multi-Unit Developments (MUD) Act in 2011.
Apartment ownership and living has been made better and easier as a result of this legislation. Among the key improvements are fair and equal voting rights, access to how service charges are calculated and information on where OMC money is being spent. Owners can now influence how their developments are run even in terms of the house rules. Developers can be pursued in the courts to hand over control and transfer the common areas if they have not already done so.
The MUD Act also provides protection and dispute resolution for future apartment purchasers. In existing developments it transfers the control and power from the developer to the OMC and to the apartment owners and provides new remedial measures to resolve disputes which may be ongoing.
This page will provide you with the key information you need to understand OMCs, owner voting rights, service charges, house rules and more.