Strata Body Corporate Princes Hill

strata body corporate services Princes Hill

What Is Involved With Strata Management In Princes Hill

Strata Management in Princes Hill includes numerous tasks, our Supervisors are well trained and capable in the function requested of them.

Here is a snapshot on what the Supervisors of your Owners Corporation do:

– Inaugural AGM establish Owners Corporation, chairperson, spending plan, strata insurance, committee and general business

– Managing all typical services to your home or business

– Accounts Payable & Receivable

– Keep the most competitive strata structure insurance cover

– Submission and processing of insurance claims

– Conduct Annual/Special General Meetings consisting of all preparatory paperwork and minutes

– Communication with your committee and members

– Offering monetary reports as asked for in a timely manner

– OH&S Compliance

– Correspondence with Council on matters relative to your property

– Building and Fire Code Regulations

– Guaranteeing that Owners Corporation fees & levies are paid on time

– Ensuring that occupiers comply with the Model Rules

– Financial obligation Collection – our company provides a stringent financial obligation collection service for non payment of charges

– Establish an upkeep fund for future capital works/improvements

– Supply an out of hour’s emergency situation service offered to all residents of the owner’s corporation

– Affixing of the your Typical Seal

– Produce Owners Corporation Certificates

– Maintaining all Owners Corporation records and offsite archiving

– Deal with Dispute Resolutions effecting the Owners Corporation

We ensure our Owners Corporation customers are certified with all relevant laws, legislation and policies through our our thorough threat management procedures.

We are certified by the Business Licensing Authority, registered number 532.

Our contractor accreditation procedure ensures a reputable, certified and proficient contractor panel is at call to service our customers. This approved panel provides our clients with competitive quotes and quality service. We guarantee specialists deliver to the scope, time, spending plan and quality specs of our customers.

We utilize an independent auditing and compliance business to evaluate our client’s buildings are safe and certified to OHS and Vital Service Requirements.

We are committed to an expert market. Our company and its members are members of Strata Community Australia www.stratacommunity.org.au, The Institute of Chartered Accountants, the Australian Institute of Business Directors and The Financial Services Institute of Australasia (FINSIA) www.finsia.com.

strata management Princes Hill

Body Corporate Providers Servicing Princes Hill

We chose maintenance and repair providers who have actually a demonstrated performance history of lowering the expenses of service, providing to timeframes and the quality requirements of the Owners Corporation. Making it easier for our clients.

We make sure through our professional accreditation process a dependable, certified and skilled professional panel. This panel has the ability to offer our clients with competitive quotations, quality service delivering to the time, budget plan and quality specifications.

We assist in preserving our client’s home by organizing repair work and upkeep, cleaning and gardening as asked for by the Owners Corporation. We verify all invoices and make sure right payment to professionals. We know the experts to require complex matters.

We ensure our customer’s buildings are safe and compliant using independent auditing and compliance business.

Strata Account Management

We ensure:-.

Works are finished in accordance with our authorized control structure to make sure strong risk management including work orders, accounts approval procedures and accounts payments processes.

Approval of works are made within the authorized authorities of our clients.

A seperate accounts payable area guarantees accounts are paid in a prompt manner and makes sure responsiveness of our separately licensed providers.

We keep electronic records as needed by law.

Strata Management for Property Developers

All new developments in Princes Hill have a constant procedure that Body Corporate Strata Group would assist and step through, making sure we can supply additional value to our total function of managing the Owners Corporation.

Stage 1. Initial Meeting/s – Understanding of Owners Corporation.

Gathering of info such as:.

– Draft structure plans and plan of subdivision.

– Understanding of typical services (i.e. elevators, common electrical energy, stairwells, gardens, etc.).

– Identification of multiple Owners Corporations.

– Developer’s expectations.

– Introduction to Body Corporate Strata Group and service capabilities.

Stage 2. Body Corporate Strata Group Management Proposition.

Stage 3. Preparation of Indicative Budget Plan.

Based upon all information gathered from preliminary conferences, Body Corporate Strata Group will prepare and a sign budget based upon what the anticipated, yearly Owners Corporation charges will be. The indicative spending plan assists the developer and sales team when selling off the plan for prospective buyers who might inquire about the Owners Corporation fees.

Stage 4. Agreement of Appointment.

Upon approval of our proposition and indicative budget plan, our group will require an Agreement of Visit to be signed for the authorization to act on your behalf through all stages of the development impacting the Owners Corporation.

Stage 5. Marketing & Sales.

We will help through all aspects of the sales procedure affecting the Owners Corporation, such as:.
– Set up an initial conference with your sales group.
– Provide a direct info and query line to our Business Development Manager for your sales representative and potential buyers.
– Complete specific marketing material as part of your marketing and sales program.
– Participate in discussion nights and/or conduct discussions.

Stage 6. Setting up Owners Corporation.

Prior to settlement of your unit/s, we will need specific information to set up the Owners Corporation, such as:.

– Registered Plan of Subdivision.

– Certificate of Occupancy.

– Preparation and completion of the Inaugural Yearly General Meeting, including finalisation of minutes.

– Payment of Owners Corporation Strata Insurance coverage which is set off by the problem of your Certificate of Occupancy.

– Invoicing of Owners Corporation fees.

At this stage, we will also acquire your ABN number, common seal and established the Owners Corporation bank account.

Notably, all pre-paid costs used up by the Developer connecting to the Owners Corporation establishment consisting of Strata Insurance coverage are reclaimed at the time of settlement of your home either completely or pro-rata.

Stage 7. Settlement.

– Conclusion of Owners Corporation Certificates with needed documentation attached.

– On-site inspection of home with Owners Corporation manager.

– Affixing of Owners Corporation Management Sign.

Phase 8. Welcome to Our Body Corporate Strata Group.

Typically the buyer has never ever been involved with an Owners Corporation, we see the first time they might have anything to do with our business is by receiving an invoice.

To make sure they know the services the Owners Corporation are responsible and by way of introduction, all owners get a comprehensive welcome kit with truths about the services the Owners Corporation offer, model rules, contact information and a lot more.