Strata Managers is the administrative face of strata property management. They work together with other managers to ensure that strata property is managed efficiently and meets their customers’ needs and expectations. If you have strata units or are thinking about buying strata units, then there are several processes that you must be aware of. These processes include the routine maintenance and servicing of the teams and the provision of necessary facilities.
In addition, Strata Managers are entrusted with ensuring that all regulations concerning health and safety on the property are being met. The management also enforces standards in the building, such as the minimum load requirements for each floor, the maximum number of bathrooms, and the minimum distance between units. A lot of the maintenance issues that arise involve the need to adhere to the building’s safety regulations. Once you purchase or lease your strata unit, you must learn about the responsibilities of the strata manager. For example, you must know what administrative fund levies are and what they mean.
A typical strata management process consists of four main activities. First, the owners or tenants of the property pay a fee which is collectively known as the strata fees. The strata fees cover all money which are due from the tenants on a monthly basis, including maintenance costs. Maintenance and repair costs are borne by the property owners themselves, in most cases. Maintenance funds are usually replenished from the year end, although this may vary depending on the financial situation of the owners.
The next strata manager duty is to hold meetings with the tenants. All maintenance issues, repairs and improvements are expected to be brought to the notice of these meetings. Frequently these meetings are held once a week. The strata managers also hold periodic general meetings, which are open to all tenants and are attended by all registered members of the strata management corporation.
On an annual basis, the strata managers must prepare and submit a maintenance and capital budget plan to the owners of the complex. In order to meet these requirements, most of the large complex shareholdings have developed a tiered system of grants, which provide the money needed for the maintenance and general running of the complex. The strata corporation must also maintain a register of its grants, so that all tenants can obtain information on the grants available for their property.
The maintenance and capital budget is normally reviewed at least quarterly. It is at this meeting that the managers will make decisions about any problems that they might notice. Management can resolve problems between themselves before they become serious problems, by agreeing on a common plan of action. Most large corporations hire external consultants for the maintenance and capital budget of their complex. Many of the large corporations use these consultants as a means of controlling and overseeing the management of their complex.
Another area in which the strata manager is required to regulate is the construction of the common areas. This is done by the provision of materials at reasonable prices. The management must set the price of the materials and ensure that the price set is one that all the registered members of the strata corporation agree with. The management must ensure that the contractors that they hire do not overcharge for their services. Most of the large commercial complex that I have worked on have had a common area policy in place from the very beginning.
The main purpose of the maintenance and general policies of the strata property is to ensure that each of the individual tenants meets their specific duties. Some of the common duties include maintaining health, landscaping, painting, maintaining the common areas, and general cleaning. It is the duty of the manager to make sure that all the tenants pay their monthly strata fees according to the terms and conditions of their contract. They are also responsible for paying the expenses that come along with their strata plan. They are also responsible for making sure that all the necessary expenses of the management of the plan are met. If there are any unexpected expenses that arise, then the manager of the scheme needs to make sure that they get paid for them.