The administration of an owners corporation may be undertaken on behalf of all the lot owners by a committee. This consists of a small group of lot owners who are elected at the Annual General Meeting of lot owners. Depending on the state or territory, the committee is called an executive committee, managing committee, committee of management, the committee, or council. A committee must ensure state strata law and its own by-laws are adhered to. It also has the ability to change existing by-laws and make new ones, and is charged with making decisions on all matters which confront the owners corporation. Operations A committee is generally elected yearly at the Annual General Meeting of the owners corporation. But the way committees work, their size, and the degree of third party involvement differs. Some, but not all states limit the size of committees (minimum and maximum), with the permissible maximum sizes varying from seven persons to an unlimited number. In most states committees can make most scheme decisions but can be overruled by owners in general meetings. In the ACT the committee must approve a variety of scheme documents and actions before they proceed. Responsibilities General duties of the committee members include:
Chairperson The Chairperson must chair every meeting (in the absence of the committee Chairperson another member may chair the meeting with agreement of the voting members);
Strata managers are professionals who are responsible for the administration of owners corporations. Depending on the state and territory, they are also called owners corporation managers, body corporate managers, strata managing agents, managers, and agents. It is their task to ensure buildings and common areas within a strata titled or community titled scheme are properly maintained. Strata managers are specialists in their field, possessing the knowledge and skill to administer the body corporate in accordance with the complex requirements of the particular state-based legislation. They also work to achieve consensus in decision making by the lot owners, and to otherwise assist the lot owners by assuming onerous responsibilities. Their functions are not those of real estate agents or resident managers.
Specific Duties of Strata Managers
Strata managers are involved in coordinating the affairs of lot owners including conducting meetings, collecting and banking levies, arranging property maintenance, advising on asset management, placing insurance and keeping financial accounts. Incidental duties include:
Strata managers are professionals who are responsible for the administration of owners corporations. Depending on the state and territory, they are also called owners corporation managers, body corporate managers, strata managing agents, managers, and agents. It is their task to ensure buildings and common areas within a strata titled or community titled scheme are properly maintained. Strata managers are specialists in their field, possessing the knowledge and skill to administer the body corporate in accordance with the complex requirements of the particular state-based legislation. They also work to achieve consensus in decision making by the lot owners, and to otherwise assist the lot owners by assuming onerous responsibilities. Their functions are not those of real estate agents or resident managers.
Specific Duties of Strata Managers
Strata managers are involved in coordinating the affairs of lot owners including conducting meetings, collecting and banking levies, arranging property maintenance, advising on asset management, placing insurance and keeping financial accounts. Incidental duties include:
Absolutely. There is no legal requirement for you to engage a strata manager. It’s called self-managed strata, diy strata or diy body corporate. Thousands of strata schemes self-manage their strata schemes. Of course some owners think that self-managing their stratas means not managing. A poorly managed strata scheme devalues a property. With more and more people becoming educated on living in an owners corporation, savvy owners check the state of the body corporate’s finances, record keeing and the harmony of a strata community before they buy.
