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Strata management, also called body corporate management, is really a system of managing multi-unit properties such as apartments, townhouses, and commercial buildings. In this system, the property is divided into individual units, all of which is owned by a different individual or entity. The normal areas of the house, such as the lobby, elevators, and pool, are collectively owned by all unit owners and so are managed by a strata management company.
One of the primary responsibilities of strata management would be to ensure that the normal areas are properly maintained and repaired. This includes tasks such as cleaning, landscaping, and fixing any structural issues that may arise. Strata management companies may also be responsible for collecting fees from unit owners to cover the expenses of the maintenance and repair tasks.
Another important role of strata management is to enforce the guidelines and regulations of the property. This includes making certain unit owners comply with the bylaws and rules of the house, such as noise restrictions, pet policies, and parking regulations. Strata management companies may also handle disputes between unit owners and help to mediate conflicts.
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If you own a house that is managed by a strata management company, you should understand your rights and responsibilities as a unit owner. You should familiarize yourself with the bylaws and rules of the property, and make sure you are paying your fees promptly to avoid penalties. You should also communicate regularly with your strata management company to make certain any maintenance or repair issues are addressed in a timely manner.
Website: https://tvsocialnews.com/story15125584/selecting-the-most-appropriate-strata-management-company-tips-for-property-owners
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