123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

Benefits For Professional Strata Community

Profile Picture
By Author: Chris Whelan
Total Articles: 74
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Every strata titled property can benefit from a good strata manager. Strata titled property is mainly commercial, industrial or residential but can also be marinas, parking spaces and storage units (amongst others). A good strata manager assists in providing a harmonious and workable environment for owners and occupants of strata titled properties. Strata Mangers advise on legislative guidelines and responsibilities for schemes in accordance with the following legislation:

- Strata Schemes Management Act 1996
- Strata Schemes (Freehold Development) Act 1973
- Strata Schemes (Leasehold Development) Act 1986
- Community Land Development Act 1989
- Community Land Management Act 1989
- Environmental Planning and Assessment Act 1979
- Occupational Health and Safety Laws

Every strata titled property will face difficulties based on the differences of opinion and personalities within a scheme. To help deal with these difficulties strata management has emerged and developed into the profession that it is today. A good strata manager will assist ...
... in:

- Controlling finances for your strata scheme – working with the Treasurer/Committee of the scheme to achieve the greatest return on your levies (expenditure on remedial and capital works carefully planned for with levy collection and sound investment advice).

- Planning for capital expenditure at your strata scheme – referral of experts to assist in planning for the timing of and prioritising the expenditure and then experts who will assist in carrying out the works.

- Ensuring schemes obligations with Section 62 (Repair and Maintain Common property) are met and assisting with proactive maintenance procedures.

Contract management – ensuring that your scheme is on the best ‘value for money’ contract, whether that be for cleaning, electricity, elevators, gardening, etc.

- Helping to ensure that Owners Corporations Occupational Health and Safety Obligations are met through performance of Occupational Health and Safety Reports and acting on the recommendations made.

- Ensuring compliance with the ‘Strata Schemes Management Act 1996’ and/or ‘Community Land Management Act 1989’.
- By-law management and advice.

- Facilitating advancements of technology for each Owners Corporation – i.e. Giving schemes a website and access to Owners Corporation documents online.

- Updating Owners Corporations with any relevant changes in legislation affecting their scheme.

- Defect management (referral to experts, etc.)
- File and record management of the Owners Corporation. Strata Managers should be looking having a paperless office like Whelan Property Group due to the savings in archiving and printing generated for the Owners Corporation and the lessened impact on the environment.

- Controlling meetings of the Owners Corporation/Executive Committee and taking effective minutes of the outcome of the meeting

- Arranging inspections of the common property

- Advise on ‘greening’ / environmentally friendly measures for the scheme.

The above is not a complete list of services that a good strata manager will provide and the list keeps being added to due to the rapid changes in legislation, strata management and property development.

Every strata management company is different, but we suggest that if you are not currently receiving fantastic service in all the above areas, that you consider contacting Whelan Property Group for an obligation free quote for the management of your scheme.

Total Views: 154Word Count: 493See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. The Ultimate Checklist For Buying Luxury Property On Sarjapur Road
Author: The Right Life

2. Why Choose Sensation Infracon As One Of The Best Investment Companies In India?
Author: Sensation Infracon

3. Premium 2 Bhk Flats In Ahmedabad – Explore Happy Uptown Shela
Author: Parakramsinh Vaghela

4. Why Every Commercial Real Estate Investor Needs A Consulting Partner
Author: Owner

5. Why Royal Crest Is The No.1 Choice For Open Plots In Digwal
Author: myronhomes

6. Hire The Best Real Estate Agent Surrey For A Smooth Home Journey
Author: jagsidhu

7. Urbanteamhome
Author: URBANTEAM

8. Best Apartments In Kokapet, Hyderabad
Author: vijaya

9. Single-tenant Net Lease Financing For Investment-grade Tenants
Author: Michael Green

10. Premium Commercial & Retail Spaces In Gurgaon – A Closer Look At Sector 14’s Growth
Author: SPJ Vedatam

11. Whiteland Westin Residences – Redefining Global Luxury Living In Gurgaon
Author: Whiteland Group

12. Nnn Lenders Specializing In Single-tenant Net Lease Acquisitions
Author: Michael Green

13. Luxury Villas For Sale Near Shamshabad
Author: vijaya

14. Can Nris Benefit From The Best Rental Markets For Investors In Hyderabad?
Author: Sensation Infracon

15. Your Guide To Homes For Sale In Breckenridge Co: Mountain Living At Its Finest
Author: Steve Fisher

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: