Strata management Adelaide SA is a profession that handles the administrative management of owners and corporations. Also known as body corporate managers, strata professionals work for the collective interest of all owners in building complexes.
They ensure the scheme complies fully with Strata law & and fire safety regulations. A Strata Manager also handles meeting preparation, levy collection, insurance liaison, maintenance oversight and more.
Managing a Strata Scheme
A Strata manager is responsible for administrating owners’ corporations by state-based legislation. They are also body corporate managers, property management professionals, or strata agents. Strata managers must have high professionalism and experience in handling complex schemes. In addition, they must be able to work to achieve consensus in decision-making. Their functions include:
Managing a strata scheme is complex and time-consuming. Choosing the suitable strata manager can make all the difference to the success of your investment. Choosing a professional, experienced company that can provide personalised service and meet all your needs is essential. A good strata manager will make sure your property is managed well and maintained to a high standard, protecting it from potential risks and maintaining its value.
Strata management Adelaide SA is essential to any real estate ownership, so it’s crucial to understand your responsibilities and how they’re managed. A good strata manager will have a strong knowledge of the legislation, be transparent with all costs, and be available for questions and advice. They will also keep records of important documents, including financial statements and meeting minutes. In addition, they will manage the levy system and collect and record monies paid by the owner’s corporation. They will also resolve any disputes between owners and may be required to mediate when the executive committee cannot determine a dispute.
Strata By-Laws
Strata is a way to allow individual ownership of part of a property, such as an apartment, unit or townhouse, whilst sharing the right and responsibility for the building and grounds with other owners in a collective group called an owners’ corporation. The corporation is responsible for the maintenance of the property and for collecting Strata Levies to cover this cost.
Owners in a strata scheme are automatically members of the corporation and must comply with its rules, known as by-laws. These rules govern many aspects of life in a strata community, including pets, parking, noise and smoking. There are also laws governing the use of common area structures, and the owners’ corporation may impose financial penalties on residents who break the rules.
When you buy a strata management Adelaide SA property, you will get a copy of the by-laws in the vendor disclosure statement, or you can ask the seller’s real estate agent for a copy. However, these by-laws are also subject to change, so it’s essential to keep up to date on the rules and to be aware of any changes that might impact you.
You can propose that the owner’s corporation change the by-laws by submitting a motion to discuss at a general meeting. You will need to put your name forward as the proposer of the change and explain why you think it should be made. Most votes at the meeting will need to support the motion before it can be passed, and the new by-laws will be enacted.
Some owners will want personal use of certain areas of common property, such as a garden bed or renovation work, that they do not wish to be shared with other owners. If the by-laws do not already provide for this, you can ask the owner’s corporation to create a new by-law giving you exclusive use of a particular area. This process is usually rapid and can be completed within one month.
Strata laws are set by your state or territory government, and the rules are put for your own Strata Corporation. For example, the Strata Titles Act 1988 prescribes a default ruling about keeping animals, which will impact whether your Strata Corporation will allow you to keep pets.