Communication Negotiation

WHAT IS A W.A.T.N.A.? When negotiating you should not agree to anything that is worse than just acting unilaterally. This is why you must understand what you can do without the agreement of the other person. This understanding is sometimes referred to as the “Worst Alternative to a Negotiated Agreement” or “WATNA.” If you accurately identify and understand your WATNA it is a very useful tool to evaluate whether your agreement to a compromise or agreement is reasonable. In the

Proper Strata governance requires transparency and proactive communication with Owners.

Stratas can use bulleting and notice boards to communicate some information to Owners. The Strata Property Act does not permit the use of an electronic bulletin board as an official means of communication, but it also does not prevent it.