If you own a unit in a strata scheme, you know that living in a shared property development comes with its own set of challenges. From coordinating repairs and maintenance to enforcing bylaws and rules, managing a strata scheme requires time, expertise, and attention to detail. That's where strata management services come in.
Strata management refers to the management and administration of a strata scheme, which is a type of property development in which individual units or lots are owned by separate owners and shared common areas are owned jointly by all the owners. Strata management services are responsible for the maintenance and repair of common areas, as well as the enforcement of bylaws and rules.
Some specific tasks that a strata management service may be responsible for include:
1. Managing the finances of the strata scheme: This includes collecting fees and payments from owners, maintaining financial records, and preparing budgets.
2. Coordinating repairs and maintenance: A strata management service is responsible for coordinating the maintenance and repair of common areas, such as hallways, elevators, and recreational facilities.
3. Enforcing bylaws and rules: Strata management services are responsible for enforcing the rules and bylaws of the strata scheme, such as regulations regarding noise levels and pet ownership.
4. Arranging for insurance coverage: A strata management service can help to arrange for insurance coverage for the strata scheme, ensuring that the common areas and individual units are adequately protected.
5. Handling communications with owners: Strata management services are responsible for sending out meeting notices and distributing minutes from meetings, as well as handling any other communications with owners.
6. Organizing and facilitating meetings of the strata council: A strata council is a group of elected owners responsible for decision-making within the strata scheme. A strata management service can help to organize and facilitate meetings of the strata council.
Strata management services can be hired by the strata council or by the owners of a strata scheme. These services can be particularly helpful for larger strata schemes or for those with complex management needs. They can also be beneficial for owners who do not have the time or expertise to handle the management tasks themselves.
One of the key benefits of hiring a strata management service is that it takes the burden of management off the shoulders of individual owners. If you don't have the time or expertise to handle the management tasks yourself, a strata management service can take care of everything for you. This can free up your time and allow you to enjoy living in your unit without having to worry about the day-to-day management of the scheme.
Another benefit of strata management services is that they have the expertise and experience to handle complex tasks and issues that may arise within a strata scheme. From arranging for insurance coverage to facilitating meetings of the strata council, strata management services can help to ensure that your strata scheme is well-managed and runs smoothly.
