Value Your Investment with Strata Committee Meetings

The owners corporation needs to elect a strata committee and then can designate some of its functions to this committee. The strata committee's role is to settle on faster decisions on the day-to-day issues and management of the scheme. Any decision made by the Strata Committee is treated as a decision of the owners corporation.

Strata committee members are responsible for electing office bearers - Chairperson, Secretary and Treasurer. This normally happens at the first committee meeting after the annual general meeting. Strata committee meetings can be held as regularly as the members like, the Secretary can call a meeting or one third of the strata committee members can ask the Secretary, or any other committee member, to arrange a meeting.

Every member of the strata committee, and every lot owner, should be informed of a planned Strata Committee Meeting at least 3 days before the meeting is due to be held. The notice of the meeting must include a detailed agenda for the meeting.

In a large strata scheme (more than 100 lots), the Secretary or meeting organiser needs to put the notice of the meeting on the noticeboard and deliver it to every owner. In other strata schemes, the notice can either be put on the notice board or sent to every owner. You can convey the notice by post or email or directly to someone over the age of 16 years at that address. If no address is recorded in the strata roll then the notice should be delivered to an owner by:
  • Conveying it personally.
  • Sending it to their postal or email address.
  • Placing it in their letterbox, or
  • Leaving it on a part of their lot that is their home, but not in a garage or storeroom.

An owner or, the company nominee of the corporation, can attend strata committee meetings but they cannot speak except if the committee permits.

If the Chairperson is present they must attend all Strata Committee Meetings. If they are away, the strata committee must appoint another committee member to chair that meeting only.

So, being a Strata Committee member can be rewarding and can lead to great benefit to both your strata community and the value of your investment.

Comments

Popular posts from this blog

Know How to Make Strata Renovations Easy and Simple

Roles and Responsibilities of Strata Authorities to Act on Behalf of the Owners Corporation

Find Effective Strata Committee Meetings in Sydney