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
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.
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
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
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
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
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
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
Legal requirements for who can practice as a professional Strata Manager differs from state to state. For example, in New South Wales to practise as a Strata Manager, one must be appropriately licensed, However, in South Australia, there are currently no legal restrictions on who
A common question put to Strata Managers, sometimes followed up by “Why are the fees higher in this Strata group when the other group I am a part of is much lower?” We will address the first question first. This may be surprising to some,