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Strata management, also known as body corporate management, is a system of managing multi-unit properties such as apartments, townhouses, and commercial buildings. In this technique, the property is split into individual units, each of which is owned by a different individual or entity. The common areas of the property, such as the lobby, elevators, and swimming 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 for example cleaning, landscaping, and fixing any structural conditions that may arise. Strata management companies may also be in charge of collecting fees from unit owners to cover the expenses of these maintenance and repair tasks.
Another important role of strata management is to enforce the rules and regulations of the property. 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.
self manage owners corporation
If you own a property that is managed by a strata management company, you should understand your rights and responsibilities as a unit owner. You need to become acquainted with the bylaws and rules of the property, and make sure that you are 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 regularly.
My Website: https://flexstratamanagement.com.au/
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