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Changing Your Owners Corporation Manager

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When a manager performs their job poorly, fails to maintain the common areas of the strata, or is not doing a good job of maintaining accounts and financial records, the Owners Corporation may decide to look for a change in management. The most typical reasons for changing owners corporation managers in Melbourne are the following: Intolerable presentation of common areas like dirty hallways, non-working lifts, broken lighting fixtures Discrepancies in accounting Issues related to communication like taking too long to respond to calls or failure to disseminate important information related to the owners corporation Always absent or unavailable Lack of transparency in getting quotes for the maintenance of common facilities How to Change Management The OC has the power to decide to change the manager, and a resolution of the OC Committee can either appoint or terminate a manager. The OC has the last say concerning the matter. If there is an agreement to change owners corporation manag...
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Hire a Strata Manager- Take a Smart Step in your Strata Property Maintenance

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When owning a strata property, maintaining the property could take more time and effort than expected, leaving you a lesser amount of time to enjoy your life. Rather than getting into the hassles of maintaining your property yourself, it is better that you take the help of a strata manager, who is an experienced professional at strata property maintenance .  Here listed are the benefits of hiring a professional strata manager.  Regular inspections. While the strata council lets you know if there are any major issues with your lot like if your pipes are leaking or something has been damaged, it is up to individual owners to arrange for maintenance and repairs that affect their building. Owners need to make sure that, at least once a year, they arrange to have regular inspections of their building. This should include the entire exterior of the building including the roof, exterior walls, and fences. Any issues should be reported to the strata council immediately so that they ca...
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Things You Should Know Before Buying Strata Property

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As more people opt to buy homes in apartments, it is evident that Owners Corporations are starting to play an important role in property ownership. Purchasing an apartment with a strata title can be both a profitable investment and a wonderful place to live. But buying a family home vs. buying an apartment as part of a strata scheme is very different. So, you must pay attention to several things if you are thinking of purchasing a home administered by an Owners Corporation. Here are a few tips: Do Some Serious Scrutinising Ask the  Owners Corporation Management in Melbourne  for the Owners Corporation Certificate. Typically attached to it are the Minutes of a General Meeting and Finances. Take a good look at it and find out if the OC has any problems. It may mean additional cost. Consider Your Budget There are levies to fund the yearly expenses for running the Owners Corporation. Find out about long term plans regarding maintenance. It may mean an increase in fees. Do remember...
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Key Benefits of Strata Management Services

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If a property is co-owned, it must be handled in the best interest of all owners. For this reason, many real estate investors hire  strata management services   to look after their properties.  A strata property maintenance  service provider will oversee property maintenance, and tenant disputes, establish by-laws, maintain important records, and seek necessary services like insurance. The owners benefit from having peace of mind knowing that their properties are being properly maintained. The top benefits of hiring a  strata manager  are listed below. Top 5 Benefits of Strata Management Services Processing Paperwork and Legal Matters  You can get assistance from a skilled  strata manager  in organising and managing documentation regarding your real estate, including invoices, annual revenue, and expenditure reports. As a result, updating and auditing such paperwork is taken care of, if you own several properties.  Strata management comp...
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Advantages of Strata Management Companies

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  The word strata mean “layer” or “to layer.” It refers to living spaces like apartment buildings, where apartment units are on different levels within the same building or block. It can refer to residential or commercial property, retirement villages, or even resorts.  One can own property within the strata, but common areas like stairwells, corridors, or gardens are jointly owned. An owner’s corporation is a legal entity comprising all the property owners, excluding tenants. It is obligated by law to manage and maintain the common areas.  The individual plot or unit owners need to pay for their property’s upkeep, and all the lot owners within the strata collectively pay for the common property’s upkeep. That is why a lot of owners of strata benefit from hiring strata management companies in Brisbane .   The assistance of strata management firms is essential for managing strata estates through managers. Hiring them to handle all strata management services makes it ...
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All about Strata Management in Australia

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  Strata management is a specific system of property management that helps run a collectively owned building with several apartments, common spaces, and common facilities regularly. It can also be understood as body corporate management. Its origins are in the strata law system of property in Australia to manage the common ownership in multi-storey apartments and complexes. A strata system is beneficial and must be established to give a framework for ownership and rules for managing projects with numerous users and owners to manage their property successfully. Strata Manager For the successful functioning of a strata management system, a strata manager is chosen within the strata scheme of the housing complex. This expert oversees the owners’ corporation administration.  Strata managers are experts in their profession and familiar with state-based legal regulations. They ensure compliance with various regulations. Additionally, they collaborate with the strata committee and o...
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The Role of Owners Corporation

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  The Role of Owners Corporations The Owners Corporation comprises those properties that are part of a residential housing project such as townhouses and apartments. The Owners Corporation is a common entity in the real estate scenario in Australia, as every property that is part of a subdivided estate would need the services of a formally constituted Owners Corporation. What is the purpose of an Owners Corporation? The main role of an Owners Corporation is to protect the subdivided land, designated as Common Property. This includes the area or gamut of facilities used by and beneficial to the homeowners. The Owners Corporation ensures that the property is well-maintained, regulated, and fully insured. What is the role of an Owners Corporation Manager? The Owners Corporation Manager is appointed to manage the company's property affairs for the benefit of the individual lot owners. However, the manager does not have any voting rights or decision-making powers within the corporation....
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