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Showing posts from April, 2020

Ensure Strata Scheme Management with Strata Committee

Strata is comprised of layers of ownership, and you own a small part. At that point there will be aspects of the property that you own ‘jointly’ with others called common property for example external walls, foyers, driveways. An owners corporation manages the common property and the owners contribute to maintenance via levies. The strata committee is an elected body that acts as the Owners Corporation’s representative in the real world. They have responsibility regarding the day to day functions of the Owners Corporation. The committee is generally made up of owners but can include company nominees, and other non-owner nominations. Generally, there are 3-5 members but can be up to 9 for larger strata schemes. There are three essential roles, each defined under the strata laws: Chairperson, Secretary, and Treasurer. A strata manager is an individual contracted as an agent for the Owners Corporation. The Owners Corporation appoints him or her at a General Meeting under an agency