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The Proper Way to Manage Your Strata Body Corporate

All strata properties require a body corporate management. A strata scheme is composed of lot owners within a strata property. The body corporate has an important role to play in the strata scheme, as it controls it.

The strata scheme automatically comes into existence when the strata plan is registered with the Recorder of Titles. There are no fees to be collected in forming the strata scheme.

The executive committee formed by the owners of a tract of land that has been divided into units, flats or apartments and they are there to supervise and maintain the common areas in the property such as the stairs, pool, car park, and a lot more. There are laws that govern what owners corporations can and cannot do and the types of regulations they can establish. The owners' corporation can hire a professional strata management groups to manage various structures on behalf of all the owners of the property.

This professional management company will take care of issues related to the community such as the maintenance of physical properties like driveways, tennis courts, gardens, stairwells, etc. They will also have to deal with people relation issues such as neighbor behavior, parking, and noise. The executive committee can decide on these matters during committee meetings or at the annual general meeting.

The role of the body corporate usually consists of enforcing the schemes statutes, the supervision and improvement of the common property (painting, cleaning, etc.) buildings on common property, keeping the common property in good, liveable condition, having it repaired when the need arises, having it insured as stipulated by the Strata Titles Act 1998, assigning spaces for vehicle parking on the common property, and performing other tasks that would be beneficial to the lot owners such as leasing out spaces on the common property. The body corporate can function better if there are by-laws established because this would provide for an argument resolution process for everyone using the common property.

Meetings

The body corporate should organize a general meeting at least once a year. Ideally, another meeting should be conducted within a year and a quarter after the previous meeting although they can have special meetings at any given time especially if more than a third of the lot owners ask for it

A professional body corporate group can perform independent audits to evaluate the building's safety and structural compliance. They are also in charge of making sure that only reputable maintenance and repair providers are hired to keep the common property usable and in tiptop condition. Aside from repairs, they also take care of arranging cleaning and gardening scheduled tasks based on the requirements set by the owners of the lot.