What We Did
We asked our AI system to help us explain the key provisions of SCA NSW’s 2024 standard agency agreement in plain English. Our prompt was simple:
“I am a strata manager and I want to be able to explain, in non-legal language, the meaning of the provisions of this agreement for strata management services. The idea is that we are giving this information to owners corporations, so they understand the provisions of the agreement in layman’s terms”.
What We Got
Our AI system provided an accurate summary of the agreement’s key provisions, explained in a manner that is easy for owners to understand. You can read the AI-generated explanation which simplifies the provisions of the agreement here.
Why It Is Important
This is important because your owners are probably going to do this themselves. You need to keep up with them. If you want to be able to engage in a conversation with them about your agreement, then you need to be aware of what they know.
Michael Teys advises strata management businesses on improving profitability through professionalisation and streamlined operating systems.
He has more than 30 years’ experience as a strata lawyer and academic and has owned 11 strata management agencies throughout Australia. He has a Master of Philosophy (Built Environment) and Bachelor of Laws. He lectures and writes widely about strata management issues in Australia and internationally.
