All You Need To Know About Act Strata Legislation in Sydney

 



Strata have emerged as a popular way of owning property across Sydney, Australia. Let's find out more about strata properties and the laws governing them. 

Know More about Strata Property 

Strata refer to individual and shared ownership of certain parts of the property or land. A crucial part of strata is the strata scheme considers the total strata lots under common rules and regulations designed for strata plans. 

Strata properties are completely different when compared to owning a house. This is because when purchasing a house, you own both the exteriors & interiors of the space, however in act strata; both maintenance and ownership of the property are in the hands of the owner corporation. 

What Makes Strata Manager Different From Property Manager?

Now, not just in terms of ownership, but the services of a strata manager are not the same as a conventional property manager. 

  • Strata manager handles the important areas such as social, financial, and administrative roles as per the act strata management scheme.
  • The property manager handles individual properties of the owner, where the strata manager acts on behalf of all the co-owners of the strata property. 


Duties of Manager under Property Act Strata Management 

The strata management act governs the units (strata lots) jointly owned by a group of people. The services of a dedicated act strata property manager ensure the buildings are insured, comply with updated laws, are effectively maintained, and adhere to the latest administrative protocols. 

In addition to this, a responsible manager performs certain essential duties including:

  • Maintenance and Update of Strata Scheme Records- The strata manager maintains a record of owner meetings, duration of corporation meetings, the contractual agreement between the corporation and manager, and monitor voting papers of resolution or elections. 

  • Dissemination of information: The manager maintains harmony with the members by organizing strata community events, resolving disputes, and communicating rules for peaceful living. 
  •  Ensures Proper Safety Compliance: The general Australian building and safety codes are applicable on all strata properties, and so act strata property managers ensure that the lots comply with fire safety, parking, shared space, and lift regulations.  

For effective management of strata properties, you need the services of a professional act strata management that offers professional services at the most competitive prices! 

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