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Strata Community Association 2021: Australiasia Conference & Awards
Commencing with a National forum for Strata Principals which discussed current and changing aspects of Stata and Community insurance around Australia. Below is just a brief recap of some of the important and informative sessions held, however, this does not cover off all the sessions nor on the networking with suppliers, legal eagles, and software […]
What Happens When You Don’t Pay Your Strata Fee
If you have lived in either a townhouse or an apartment in South Australia, you might know something about Strata Title and fees. Here is everything you need to know about a Strata Corporation and the regular levies (or strata fees) paid by the Owners. What Is a Strata Titled Property? Strata titled properties are […]
Why Is Strata So Expensive: Understanding Your Strata Fee in 2021
As a Strata Manager, we see many different levels of contributions raised by various groups across Adelaide. Each unit owner sets their level of contributions or levies based on the recurrent annual expenditure they foresee (budgeting) and their long-term cost for larger projects (a sinking fund or a series of one-off special levies). These decisions […]
What Is A Strata Title: What You Need To Know 2021
The plural of “stratum” is “Strata. Generally speaking, the term Strata is used to mean a layer within a structure or layers within something. So, what is a Strata Title? In terms of property, a Strata title is a form of Property Title ownership. One form of buildings on a “Strata Title: may be apartments […]
What is Body Corporate? Your Questions Answered
A Body Corporate is the general term used throughout Australia to encompass all forms of shared Titles. A Body Corporate is any Legal Corporate entity. This terminology is a general term to cover the various names used across all the different State legislations. In South Australia, our forms of Body Corporate properties are Strata or […]
Why Communication Is Vital In Strata
Communication within a Strata or Community Corporation is vital to ensure that large decisions are made correctly and with all the required information. Communication is also vital to the day to day running of your Body Corporate. Whether Strata or Community Corporation Committees are communicating with each other, their Manager or a third party, ensuring […]
How Do I Call a Strata Meeting in South Australia?
An Extraordinary General Meeting can be called by the Secretary, any two members of the Management Committee or one-fifth of the unit Owners (i.e one-fifth of the number of units in the complex per the Strata Title Act 1988. At least 14 days’ notice needs to be provided to all Owners before the meeting, along […]
How Do I Terminate A Strata Manager
In South Australia, it is standard practice to appoint a manager at a properly convened meeting of a Corporation (either an Annual General Meeting or an Extraordinary General Meeting) and these contracts (management agreement) will usually run for a 12-month term. The Management agreement will have outlined the term of appointment. The Agency agreement may […]
What makes a Good Strata Manager?
Depending on who you ask, there will most likely be varying differing opinions on what constitutes a “good” strata manager. To answer this question, it would first be appropriate to address what your Strata Manager should be doing regardless, whether they are “good” or not. A Strata Manager could be defined as a person or nominee (often representing a Strata management Company) engaged […]