Strata title allows individual ownership of ‘lots’ on a single parcel of land. This means that strata titled properties have common property (foyers, driveways, gardens etc), which are jointly owned by the lot owners.
The shared ownership of any common property is structured through a legal entity known as a strata company.
Strata titles have application in a range of properties including residential townhouses, units and apartments, commercial, industrial and mixed-use buildings, retirement villages, rural and resort developments.
In Western Australia, the management of strata companies is regulated by the Strata Title Act 1985.
The Act sets out the regulatory requirements that must be met by strata companies. It is a very lengthy and complex Act. Ensuring a Strata Company complies with the Act usually requires the support of a professional strata manager who has a good working knowledge of the legislative requirements.
A Strata Company also requires ongoing financial management, regular and occasional emergency maintenance. Without a strata manager, these duties are left with the council of owners. The council often finds it difficult to take on the responsibility of managing an entire strata complex.
The professional strata manager will ensure your strata company complies with the relevant provisions of the legislation. They will protect the value of your property and help maintain a harmonious environment among occupiers.
A strata manager’s responsibilities include: managing the strata company’s finances, and preparing and maintaining the accounts; arranging insurance; maintaining the strata company’s records in accordance with the Act; coordinating maintenance and repairs and; attending and recording meetings held by the Strata Company and the Council.
The process of selecting a strata manager typically involves calling for submissions from prospective managers, reviewing the proposals and then appointing the strata manager who best meets your needs and budget.
The appointment of your new manager should be decided by a majority vote at a meeting of the Council.
All the information we require to provide you with no obligation quote can be found on our Request a quote form.
First Class Strata Services provides an unmatched standard of service founded on clear processes, transparency and responsiveness. We are committed to creating long term partnerships built on open communication and trust.
We have a thorough knowledge and understanding of the regulatory requirements pertaining to strata titles, and strong relationships with reliable, quality trades people.
We are experienced in the management of commercial, residential and mixed-use complexes of any size and complexity.
Our independent, efficient and flexible approach enables us to be highly cost competitive.
The strata company also known as a body corporate or strata corporation is formed when a parcel of land contains common property. All lot owners in the parcel of land become members of the Strata Company.
The Strata Company operates like a business. It can make rules which are binding on the company, owners and tenants regarding the use of common property and the lots, providing that the rules do not contravene legislation governing strata titles or other laws. Common property can include common gardens, driveways, parks, foyers, stairs and lifts.
In addition to maintaining common property, the strata company is also legally obliged to insure the property, manage the finances and secretarial responsibilities and resolve disputes between owners. Given the time required to perform these duties and complexity of the regulations, most strata companies appoint a strata manager to assume these responsibilities.
The role of the council is to carry out all of the functions, duties and powers of the strata company. The council is elected each year at the annual general meeting of the Strata Company.
The voluntary nature of the role and the complexities of actually managing the affairs of the strata company is the primary reason for appointing a professional strata manager.