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Understanding Strata Management: HELPFUL INFORMATION for Property Owners
Strata management, also known as body corporate management, is really a system of managing multi-unit properties such as apartments, townhouses, and commercial buildings. In this technique, the property is divided into individual units, each of which is owned by a different individual or entity. The common areas of the property, like the lobby, elevators, and swimming pool, are collectively owned by all unit owners and so are managed by way of a strata management company.
Among the primary responsibilities of strata management would be to ensure that the common areas are properly maintained and repaired. This includes tasks such as cleaning, landscaping, and fixing any structural conditions that may arise. Strata management companies may also be responsible for collecting fees from unit owners to cover the costs of the maintenance and repair tasks.
Owners corporation management
Another important role of strata management is to enforce the guidelines and regulations of the house. This includes ensuring that unit owners comply with the bylaws and rules of the property, such as noise restrictions, pet policies, and parking regulations. Strata management companies may also handle disputes between unit owners and help to mediate conflicts.
If you own a property that is managed by a strata management company, it is very important understand your rights and responsibilities as a unit owner. You need to familiarize yourself with the bylaws and rules of the house, and make sure that you will be paying your fees on time to avoid penalties. You should also communicate regularly with your strata management company to make sure that any maintenance or repair issues are addressed in a timely manner.

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