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June 28, 2024Owners Corporations: What to Expect as a New Strata Owner
July 22, 2024As an owner of a strata property, knowing what to expect from your body corporate manager is key to the smooth and efficient management of your community. At ACE, we pride ourselves on providing excellent strata property management services. This blog will walk you through the roles and responsibilities of a body corporate manager, what to expect from us, and how to keep your property running harmoniously by ensuring regular maintenance, adhering to budgets, and fostering community cooperation to protect the value of your property.
Body Corporate Management
Before we get into what to expect from a body corporate manager, it’s important to understand what body corporate management is. A body corporate, also known as an owners corporation, is a legal entity that manages the common property and shared areas of a strata titled property. This includes everything from mowing the gardens and maintaining the common areas, to ensuring compliance with the relevant laws and regulations. The body corporate consists of all the owners, who collectively hold the responsibilities and obligations. The manager’s role is to support and guide them, implementing processes to help meet their obligations effectively.
At ACE, we provide full body corporate management services so everything to do with your strata property is handled professionally and efficiently.
Roles of a Body Corporate Manager
- Legislative Compliance: One of the main roles of a body corporate manager is to ensure the strata property is compliant with all relevant legislation. This includes staying up-to-date with changes to the laws and regulations that affect body corporates. At ACE, we have a team of experts who stay up-to-date in the legal requirements and ensure your property is always compliant.
- Financial Management: Managing the finances of a body corporate is a complex task that includes budgeting, levy collection, financial reporting, and expense management. Our financial experts at ACE provide transparent and accurate financial management, working closely with the body corporate committee, and provide regular reports to all owners so they are informed about the financial health of the body corporate .
- Maintenance Coordination: Regular maintenance of common areas and facilities is essential for any strata property. Our body corporate managers coordinate with reliable contractors to do the maintenance and repairs promptly. We also ensure long term maintenance plans are in place to avoid any unexpected issues.
- Insurance Management: Owners corporation insurance is a critical part of body corporate management. At ACE, we arrange comprehensive insurance cover for your strata property including building replacement and public liability insurance. We also handle insurance claims efficiently so there is minimal disruption to the owners.
- Dispute Resolution: Disputes can arise in any community and our role is to mediate and resolve conflicts amicably. Our managers are trained in dispute resolution and aim to create a harmonious living environment for all residents.
- Communication: Communication is key to successful body corporate management. We ensure regular and transparent communication with all owners providing updates on meetings, decisions, and any issues that may arise. Our team is always available to answer any questions or concerns from owners.
- Meeting Facilitation: Calling, facilitating, and managing committee meetings and annual general meetings (AGMs) is a significant part of the body corporate manager’s role. At ACE, we organise and conduct these meetings efficiently, ensuring all relevant issues are addressed, minutes are recorded, and actions are followed up on, keeping all owners informed and involved in the decision-making process.
What to Expect from Ace Body Corporate Management
When you choose ACE, you can expect:
- Professionalism and Expertise: With over 25 years of experience, we bring a wealth of knowledge and expertise to the table. Our team is committed to providing professional and reliable service.
- Customised Solutions: We understand every strata property is unique and we tailor our service to meet the needs of your property.
- Transparent and Open Communication: We believe in keeping all owners informed and engaged. Our transparent communication ensures you are always in the know.
- Proactive Management: We don’t just react to issues, we manage your property proactively to prevent problems before they arise. Our proactive approach ensures the smooth running of your body corporate.
- Full Service: From financial management to maintenance coordination and insurance, we provide full service body corporate management.
How Does a Body Corporate Work?
A body corporate is run by a committee elected by the owners. This committee makes decisions on behalf of all owners with the body corporate manager providing support and guidance. Meetings are held regularly to discuss and decide on important matters for the property. At ACE, we facilitate these meetings so they run smoothly and efficiently.
Body Corporate Rules
Every body corporate has a set of rules or by-laws that govern the behaviour and responsibilities of owners and residents. These rules cover things like noise levels, use of common areas, and pet ownership. Our role is to ensure these rules are followed so everyone can live in harmony.
Contact Us
Get in touch today. We’ll manage your strata property with expertise. Choose ACE and you’ll have a partner in excellence.