Owning a strata property comes with certain responsibilities. There is a requirement upon all Strata Corporations that the property is collectively insured for full replacement value at all times. This is a legislated requirement simply to protect each Member of the Strata Corporation, ensuring that
Strata insurance claims are on the rise annually across the industry based on a variety of reasons. Naturally as the industry total of claims rises, so too does the total costs of claims paid. In order to minimize costs of claims and the number of
Strata buildings are complex. There are common and individual wiring and pipes throughout the structure of the building. And as with everything, the more you have of anything, the greater the chance of something going wrong. Who pays for the water damages? Is it the
What does a Strata Manager do? A Strata Managers role is to manage a property group – i.e Strata titled property. These consist of multiple dwellings (often apartments or townhouses) that have a collective responsibility to maintain common property areas and fund the same. The
If you have lived in either a townhouse or an apartment in South Australia, then you might know something about Strata Title and fees. Here is everything you need to know about a strata scheme and its fee. What is a Strata Titled property? Strata
We have been picking up some Strata titled properties from a wide array of suburbs in 2020, and we know that many Strata Owners have had several questions that they haven’t had an opportunity to ask or didn’t know who to ask. So, in June,
Strata Management is the professional management of Strata Titled Properties. In South Australia, Strata Titled properties can consist of apartments, units, flats, homettes, townhouses and more. These are all part of a strata title collective which means these dwellings comprise of more than one Owner
Removal of Debris or ROD is the cost of removing and disposing of property (damaged or undamaged) to enable a building to be rebuilt after an insurable loss.
I’ve been approached recently by some strata unit owners who have become stressed with their current situation and their current management arrangements. They felt that the process to change management was difficult and stressful, and that rather than do something, perhaps it was too hard,
A few years ago at one of the fantastic National Conference events organised by the SCA (Strata Community Association) National Conference in the Hunter Valley. I was treated to many amazing Speakers presenting some fantastic learning material and personal stories. Not to mention the brilliant