Being part of an Owners Corporation (O.C.) brings with it a number of Legal, Administrative and Practical requirements – All of which we would undertake on your behalf.

As a member of an O.C. you are Legally required to:

• appoint and O.C. Manager.
• Be registered with the Titles Office.
• Display a plaque on the premises identifying your O.C. Manager.
• Prepare and sign the O.C. Certificates necessary to allow the sale of any of the units in the Corporation and provide the certificate for any section 32.
• Ensure that your Manager has professional indemnity insurance of at least $1.5 Million.

At BBC Strata Management we do all of the above and have $2 million Professional Indemnity.

Administrative Requirements are:

• Setting the budget.
• Collecting contributions and levies.
• Organising the AGM.
• Writing up and circulating the AGM minutes.
• Preparing and issuing detailed annual financial statements.
• One of the most important requirements is that you must have the best possible Insurance Coverage for the property and ensure that you are getting professional advice at a competitive price.

We do all of this too.

There are practicalities which need to be dealt with by the O.C.

• Banks.
• Insurance Companies.
• Estate Agents.
• Local Authorities.
• Owners.
• Tenants.
• Tradespeople.

There are also Monthly and Weekly Commitments.

• Paying O.C. Accounts,
• Managing O.C. maintenance and repairs,
• Making sure that your property is safe and secure.

We pride ourselves on our fast and efficient follow up. We also offer a 24/7 emergency assistance and all of our tradesmen are reliable experienced contractors.

WHAT SHOULD YOU DO NEXT?

Give us a call on 0404 079 761 and have a chat.