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Choosing an expert and reliable owners corporation management firm is just like selecting any professional such as an accountant. The first thing to look for is whether the firm & its staff belong to, and are active in, the professional association. Strata Management Victoria and its managers are active members of Strata Community Australia Victoria (SCAV) and also members of the National SCA peak body.
Strata Management Victoria operates with a dedicated, highly skilled team, whose combined experience in the management of Owners Corporations is over 150 years. Our managers are CPSMs or APSMs so you are guaranteed that their up to date knowledge is reflected in how we assist your committee in making the right decision for your Owners.
Our CPA qualified Accountants manage the financial side of our business in compliance with the strict ethics that govern them.
An Owners Corporation comprises the owners of the group of lots bound by a Strata Title. Owners Corporations have designated and legislated functions and powers including:
Open Monday - Friday
Audits, Body Corporate Formation, Body Corporate Management, Budgets, Community Titles, Dispute Resolution, Financial Reporting, Insurance Claims, Invoice Payments, Levy Collections, Maintenance Service, Meetings, Owners Corporation, Property Management, Stratum Title Management, Unit Title Management
Commercial, Industrial, Residential
Accredited, After Hours Service, Australian Owned, By Appointment, Certified, Consultations, Free Consultations, Free Quotes, Insured, Quotations, Registered, Rentals
Apartments, Gated Communities, High Rises, Mixed Use, Resorts, Townhouses
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You can obtain a copy of the plan of subdivision from the: Land Registry, Land Victoria, 570 Bourke Street Melbourne (www.land.vic.gov.au) or your local council.
A levy is an extra cost imposed to cover a non-budgeted, special and additional extra maintenance costs on the Owners Corporation. A full explanation of the cost and how it was determined is advised at the time of levy.
This varies greatly depending on the strata development and should always be checked against the Strata Plan. Owners or managing agents should check with their appointed Owners Corporation manager when maintenance on the outside of individual units is required as it may be the responsibility of, or come under the control of, the Owners Corporation.
Owners Corporation contributions to Owners Corporation costs are calculated in accordance with the lot liability as set out by the surveyor of the property when the strata plan was created.
In accordance with Owners Corporation Regulations, an owner is required to contribute to the Owners Corporation, in order to meet expenses involved with the insurances, public lighting, maintenance and repairs to common areas, general administration, etc. Accounts for these contributions are issued prior to the due date. Visit the 'Our Services' page to see how DR Strata Management can assist you to make your payments conveniently.
Strata Management Victoria follows industry best practice to ensure your funds are secure. The firm's sophisticated accounting software provides detailed reporting of your Owners Corporation transactions and, of course, DR Strata Management carries full professional indemnity insurance - for your protection.
Living in a property which is part of an Owners Corporation can be a wonderful and rewarding lifestyle - and a lifestyle which is the choice for an increasing number of people. The rewards, however, also bring responsibilities as owners must agree to work cooperatively for their common good. Sometimes, if consensus cannot be reached, an individual owner must accept a decision of the Owners Corporation with which they do not personally agree.
Strata Management Victoria manager is an authorised representative of CHU Underwriting Agencies Pty Ltd and Consolidated Insurance Agencies Pty Ltd for the transaction of strata insurance products and as such is qualified to give general advice about insurance offered by them only. Australian Financial Services Licences and Authorisations Licence Number 243261 Rep No 269111 and Licence No 245584 Rep No 269111. Owners should refer to the specific policy for exclusions and conditions.
An Owners Corporation sets fees to cover general administration and maintenance, insurance and other ongoing costs. An Owners Corporation can also levy special fees or charges to cover extraordinary items of expenditure. If the amount proposed is more than twice the amount of the annual fees, it must be approved by a special resolution (75% agreement of all members). If a member does not pay the fees or levies, the member loses the right to participate in some decisions of Owners Corporation.
The owners Corporation may make rules for the purpose of the control, management, administration, use or enjoyment of the common property or of a lot (the rules have no effect & are unenforceable unless properly registered). If the Owner's Corporation does not make any, then the model rules (Owners Corporations Regulations 2007 SCHEDULE 2) apply.