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:: An introduction to strata management
Why is there the need for strata management?
What is the role of a strata manager?
This course provides an introduction to the following:
- the Strata Titles Act 1985
- Strata plan and survey-strata plan
- Schedules 1 and 2 strata bylaws
- Statutory duties of a strata company
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:: Composition of a strata/survey-strata
plan
:: Do you really know how to read
:: Do you really know what these mean?
The detail recorded on a strata/survey-strata plan determines
such important matters as boundaries of ownership, responsibilities
for maintenance and insurance covers. Learn what comprises a
strata/survey-strata plan, the registration process and how
a strata/survey-strata plan affects the ongoing management of
a strata scheme.
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| :: Whose repair bill
is it?
:: Responsibility for building
maintenance in strata title properties
The ownership of buildings and land determines the responsibility
for maintenance.
Whether an owner, a rental agent or a strata manager, it is
important to know who is responsible to pay for maintenance
repairs.
This course examines such matters as:
- Is it a strata company responsibility or one for an individual
owner?
- What about fences?
- What about blocked drains?
- Water is seeping through the wall - what do I do?
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:: Are you giving a cooling
off period
:: Form 28 strata disclosure
A statutory obligation exists for every seller of a strata
lot to disclose certain information by way of statement to a
prospective buyer before he signs the contract for sale. The
penalty for non-disclosure or late disclosure may be the loss
of the sale or worse. Learn how a disclosure obligation need
not be a drama, how to do it right and to be stress free.
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:: Supply of information
and certificates
The records of a strata company are those of a private company
and are subject to restrictions relative to inspection or the
release of information.
Considerable confusion exists regarding the supply of information
and certificates. This course will de-mystify the position relative
to the issue of certificates, the inspection of records and
provides a valuable lesson in risk management for all who may
be involved in this area.
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:: Insurance in strata properties
The requirements for insurance covers generally relate to
ownership of land and buildings. This course considers the
following:
- Is the strata scheme single tier or multi tier?
(not to be confused with multi storey)
- Is the strata company required to hold insurance covers?
- Can one lot insure on their own?
- I own a duplex - I don't want to insure with my neighbour
- what do I do?
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:: By-laws
These are laws that provide the operational and behavioural
rules for the strata company.
It is very important to know which by-laws apply to a particular
scheme to ensure appropriate management and control of the
strata company including:
- Conduct and voting rights at meetings
- Interior changes and decoration
- Protection of compatibility of appearance
- Whether animals can be kept
- Parking on common property
- Noise or other disturbances
- Operation of the strata council
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:: Meetings and voting
rights
Decisions made at either general or council meetings are the
cornerstones of management for the strata company. For smooth
and efficient management it is important that appropriate procedures
including votes on specific issues are properly executed. Improper
actions can result in unpleasant adverse actions.
This course examines in detail the statutory provisions relative
to meetings and votes.
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:: Financial reports,
budget preparation & contribution of funds
Appropriate budget consideration and financial procedures and
reports are an integral part of the business like conduct of
a strata company's affairs.
If the financial operation of a strata company is smooth, there
are less headaches and costs. "At the end of the day it's
all about the money, honey".
This course examines the presentation of accounts, the preparation
and formulation of a strata company budget and also who should
be involved in that decision making process.
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:: Role of the strata
council
The role of the strata council is arguably one of the most important
and yet one of the most misunderstood aspects in the world of
strata titles. The council is the representative body of the
strata company and it has sweeping powers. The successful operation
of a council can positively affect property values, smooth management
and quality of life style. This course will examine the role,
election and importance of a strata council and will consider
strategies for encouragement of nominations to council.
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:: 2- 5 lot schemes.
Do you know what they mean?
Special provisions apply for 2 to 5 lot strata schemes. Learn
about the automatic building merger option; what about exclusive
use; what does the notation "for the use of" or "for
the exclusive use of" mean; learn about part lots.
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:: What does a strata
manager do?
There is no statutory designation of a "strata
manager". Learn what a strata manager can provide in the
way of services. Can they make decisions, can they call a meeting?,
can they enforce by-laws?, can they spend strata company money? |
:: Sell, Manage or Settle strata titles with confidence
Both existing owners and prospective owners want to know exactly what they own as their strata property and what are their rights and obligations.
Is it a strata company expense or one for the lot owner?
Who is responsible for the fences?
Can the owner next door make the exterior changes that he wants to make?
Does an owner act on common sense or must the by-laws be followed?
What about the rules for mixed use developments?
Whether you are involved in the sale, settlement, leasing or strata management of strata titles, this course is designed to provide hands on training in these important areas. |
