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Strata management, often known as body corporate management, is a system of managing multi-unit properties such as for example apartments, townhouses, and commercial buildings. In this system, the property is split into individual units, all of which is owned by way of a different individual or entity. The common areas of the house, including the lobby, elevators, and pool, are collectively owned by all unit owners and so are managed by a strata management company.
Among the primary responsibilities of strata management is to ensure that the common areas are properly maintained and repaired. This consists of tasks such as cleaning, landscaping, and fixing any structural issues that may arise. Strata management companies are also in charge of collecting fees from unit owners to cover the costs of these maintenance and repair tasks.
Body corporate management
Another important role of strata management would be to enforce the guidelines and regulations of the property. This includes ensuring that unit owners adhere to the bylaws and rules of the property, such as noise restrictions, pet policies, and parking regulations. Strata management companies could also handle disputes between unit owners and help mediate conflicts.
If you own a house that is managed by way of a strata management company, it is very important understand your rights and responsibilities as a unit owner. You need to become acquainted 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 ensure that any maintenance or repair issues are addressed in a timely manner.
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