Strata Management Company Australia

Your Strata Fund, 10-year maintenance plan and you. The  Australian Strata  landscape is a little odd, filled with names and terms that can change from state to state and can be unwieldy to the uninitiated. Even for those who may have grown up in  buildings with a strata plan , outside of perhaps the payment of strata levies, the level of knowledge (and interest!) in what happens inside the ‘strata machine’ may not always be clear. This article hopes to shine some light on the terms and financial components of strata at a high level. The state determines the name. Firstly is the naming conventions. Strata take on several names, which can change depending on the state it is based. Owners Corporation (Vic, ACT and NSW), Body Corporate (Tas, QLD, NT), Strata Corporations (SA), and  finally Strata Companies  (WA) all essentially mean the same thing. Each is a collective entity that guides the scheme responsible for the building’s common areas (share...

8 Things to Consider When Choosing a Strata Manager Our insider tips to the questions you should be asking your prospective Strata Manager . Good or bad, most people judge an entire strata agency on the working relationship they have with their strata manager. We have prepared this short list of questions that you should be asking prior to making a decision to appoint a new Strata Agent . How many buildings does your proposed new Strata Manager already look after Your entire strata experience depends on this simple question. Most agents manage large portfolios, to the point where they can spend most of their time putting out spot fires rather than giving you the proactive service that you are looking for. What's included in the monthly management fee Most agencies charge a monthly management fee which covers agreed services. Works performed outside of the agreed services are charged as an additional fee. You can negotiate with an agency to have fixed price disbursements to give yo...