Services Offered by Strata Management
A strata manager is a professional who is responsible for the day-to-day management of a strata scheme. A strata scheme is a group of units (e.g. apartments, townhouses, offices) that are owned jointly by a group of people. The strata manager is responsible for the common property and the financial affairs of the strata scheme.
The strata manager provides a range of services to the owners corporation. These services include:
- Financial management
The strata manager is responsible for the financial affairs of the strata scheme. This includes preparing the annual budget, collecting strata levies, paying bills and maintaining financial records. The strata manager also has the authority to levy special levies if the owners corporation needs to raise extra funds for repairs or maintenance.
- Maintenance and repairs
The strata manager is responsible for the upkeep of the common property. This includes arranging for repairs and maintenance to be carried out, and overseeing the work of contractors. The strata manager may also engage in regular inspections of the common property to identify any maintenance issues.
- Insurance
The strata manager is responsible for arranging insurance cover for the common property. This includes ensuring that the insurance policy covers the replacement value of the common property, and that the policy is up to date. The strata manager is also responsible for making claims on the insurance policy in the event of damage to the common property.
- strata titles
The strata manager is responsible for the administration of strata titles. This includes issuing new strata titles, transferring strata titles, and maintaining the strata roll. The strata manager may also be required to resolve disputes between owners regarding the ownership or use of strata property.
- Meetings
The strata manager is responsible for arranging and conducting meetings of the owners corporation. This includes sending out meeting notices, preparing agendas, and taking minutes. The strata manager may also be required to attend meetings of the executive committee, and to provide advice on strata matters.
- By-laws
The strata manager is responsible for enforcing the strata scheme’s by-laws. This includes ensuring that owners and occupants comply with the by-laws, and taking action against those who breach the by-laws. The strata manager may also be required to prepare or amend the by-laws of the strata scheme.
- Records
The strata management is responsible for maintaining records of the strata scheme. This includes keeping minutes of meetings, maintaining financial records, and maintaining the strata roll. The strata manager may also be required to prepare reports on the affairs of the strata scheme, and to provide advice on strata matters.
Conclusion:
The strata manager provides a range of services to the owners corporation. The strata manager is responsible for the day-to-day management of the strata scheme, and for ensuring that the owners corporation complies with the law.