What is a professional Strata Manager?
Strata managers are professionals who are responsible for the administration of owners corporations.
Depending on the state and territory, they are also called owners corporation managers, body corporate managers, strata managing agents, managers, and agents.
It is their task to ensure buildings and common areas within a strata titled or community titled scheme are properly maintained.
Strata managers are specialists in their field, possessing the knowledge and skill to administer the body corporate in accordance with the complex requirements of the particular state-based legislation. They also work to achieve consensus in decision making by the lot owners, and to otherwise assist the lot owners by assuming onerous responsibilities.
Their functions are not those of real estate agents or resident managers.
Specific Duties of Strata Managers
Strata managers are involved in coordinating the affairs of lot owners including conducting meetings, collecting and banking levies, arranging property maintenance, advising on asset management, placing insurance and keeping financial accounts.
Incidental duties include:
- preparation and distribution of notices, agendas and minutes
- attending to correspondence
- arranging quotations and repairs for building maintenance
- maintaining the owners corporation register
- payment of all invoices
- preparation and distribution of financial statements and budgets
- preparation and distribution of contribution notices
- attending to orders, submissions and appeals.