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Understanding Strata Management: A Guide for Property Owners
Strata management, generally known as body corporate management, is really a system of managing multi-unit properties such as for example apartments, townhouses, and commercial buildings. In this technique, the property is split into individual units, each 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 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 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.
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Another important role of strata management is to enforce the guidelines and regulations of the property. This includes ensuring that unit owners comply with the bylaws and rules of the house, such as for example 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 property that is managed by a strata management company, it is very important understand your rights and responsibilities as a unit owner. You should familiarize yourself with the bylaws and rules of the house, and make sure you are paying your fees promptly to avoid penalties. It's also advisable to communicate regularly together with your strata management company to make certain any maintenance or repair issues are addressed in a timely manner.

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