Duties and Responsibilities of a Strata manager
A strata manager is chosen by all of the property owners to oversee the day-to-day management of strata properties. The owners may choose to have more than one manager, depending on the complexity and size of the property.
Strata managers are in a better position to perform their duties than the actual property owners since they have systems, well-designed processes, and expertise. The contract between them governs the manager’s relationship with the strata organisation as well as the obligations that management must fulfil. However, a strata manager serves the entire organisation rather than specific lot owners.
The responsibility of the strata management Carlton to ensure that the residents of a strata property are living comfortably is expanding. It might be challenging for lot owners to distinguish between shared property and what is on their lot, though. With the committee’s consent, the strata manager requests estimate from service providers for the maintenance of the common property, including builders, gardeners, cleaners, and others. If the strata building needs immediate repairs, they are the first to be contacted. In some cases, a strata manager has the authority to make quick decisions about minor repairs on the strata council’s behalf.
Just like any other property owner, a strata plan is accountable for things like the building’s insurance (not its contents), paying energy bills that affect the common property and performing routine maintenance and repairs. The owners’ company must establish an administrative fund and a sinking fund to collect levies from the owners to pay for these expenditures. The sinking fund is necessary for future capital-related expenditures, whereas the administration fund is used for daily operations costs.
Budgets are created by the strata manager and delivered to the owners’ corporation committee for necessary approval and review. He or she makes sure that all debts, including property owner levies, that the corporation owes and is owed are paid on time. He or she will also keep an eye on any invoices and send payments on schedule.
The strata manager is in charge of communicating with the owners regarding matters about building upkeep, recurring levies, meeting notices, and any other general information about the strata property. He or she manages all correspondence relating to the property, including inquiries from tenants made to the owner. Additionally, he or she responds to any questions from prospective home buyers.
In addition to making sure the strata property is covered, the manager is in charge of handling any insurance claims and keeping track of money transfers. All records will be archived by him or her. The manager might be asked to preside over the corporation’s general meetings. The owners’ corporation committee may occasionally request meeting minutes from the strata manager.
Australia has several laws and regulations that strata owners must follow, regardless of the size of the strata property. These include certifications for elevator and fire safety. To make sure the strata property is and remains compliant, it is the responsibility of the strata manager to proactively investigate applicable rules and regulations in the appropriate jurisdiction. A strata manager should coordinate essential assessments and make sure that residents have access to the required services with the strata committee.