Strata Financial Audits – Good Governance & Best Practice

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Is your strata community following the law and administrative best practice? An annual financial statement audit is a legal requirement for Body Corporate and Owners Corporation communities, but even more importantly, an independent third-party audit provides peace of mind for all lot owners and committee

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Have You Had A Building Valuation Lately?

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Regular building valuations for strata managed (multi-tenanted) properties are not only required by law, but they also make good sense. Property valuations can affect the price of commercial and residential strata insurance premiums, the currency of your insurance and the payout of total loss claims.

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SSKB strata managers, looks at what a strata community needs to do when an OC or Body Corporate committee member resigns

What Happens When A Committee Member Resigns? – NSW

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A committee member may resign for many reasons – the sale of the property, other commitments, even just a need for a change. If the committee member decides not to wait until the annual general meeting to stand down, there are procedures that have to

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SSKB Strata Managers takes a look at the types of resolutions found in strata meetings

Talking about A Resolution – Queensland

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  We’re talking about a resolution – and the different types you will encounter as a body corporate committee. In Queensland, many body corporate decisions have to be made at a general meeting and, depending on the subject to be discussed, several different resolutions for

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SSKB Strata Managers takes a look at the types of resolutions found in strata meetings

Talking About A Resolution – Victoria

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  We’re talking about a resolution and there are three different types that you will encounter as part of an Owners Corporation committee. The resolutions are designed to ensure the maximum number of owners are aware of issues regarding their community and have their say.

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SSKB Strata Managers takes a look at the types of resolutions found in strata meetings

Talking About A Resolution – NSW

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We’re talking about a resolution – and there are three different types you will encounter when on the committee of an Owners Corporation in New South Wales. These three are used under specific conditions. A general resolution requires a majority passing vote – that is

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Fees In Arrears

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Lot owner’s contributions are made by all individual owners in a community scheme to cover body corporate/owners corporation expenses.  The annual levies determining how much each lot owner will pay is decided every year at the Annual General Meeting. The body corporate/owners corporation must, by

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Strata News Weekly – 9 June 2017

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Hoons turn Gold Coast’s most prestigious beachfront suburbs into drag strips after dusk HOONS on modified motorcycles or in sports cars are turning the Gold Coast’s most prestige beachfront suburbs into drag strip after dusk. Business leader Max Christmas revealed he has written to the

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SSKB Strata Managers looks at Capital Works funds, Maintenance Funds and Sinking Funds

Sinking Funds – Queensland

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A bodies corporate sinking fund is effectively a deposit which exists to allow a body corporate to pay for repairs and maintenance of a building. The money in a sinking fund can be spent on several different things.  Firstly, it can be spent on anticipated

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Maintenance – don’t be ‘penny wise and pound foolish’

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Short on funds?  When committees are looking for somewhere to make some savings, one of the easiest places to look can be at maintenance.  Committees may believe saving is good and spending is bad, or vice versa, and it is often tempting to forego basic

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SSKB Strata Managers shares an article by Stratum Legal about common area airspace rights.

Crouching Tiger, Hidden Crane – Construction Cranes In Common Area Airspace

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Reproduced with kind permission of  Michael Kleinschmidt, Legal Practitioner Director, Stratum Legal. Former Queensland Premier Sir Joh Bjelke-Petersen’s “crane index” has shot through the roof in South-East Queensland. But what happens when a Developer wants to swing a crane through your Common Property airspace? The

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SSKB strata managers recommends lot owners check with the legislation as well as their neighbours when it comes to renovations.

Renovation Rescue

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One of the big confusions experienced by people new to strata living is understanding the difference between your private property (your lot) and common property (which belongs to every owner). It might seem straight forward to think that everything within your four walls is your

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What Community Managers Wished RUMs Knew About Strata

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The relationship between property managers, caretakers and Resident Unit Managers (RUMs) and strata Community Managers is an important one. Together, they ensure strata communities are well run from legislative compliance and financials, through to maintenance and repair of the building itself. Even though they have

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In-home Tech For Apartment Living

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SSKB Strata Managers is taking a look at some to the high tech gizmos and gadgets to make apartment living even better. Some of the things we’re featuring are high concept, others are available to purchase right now. Sometimes apartment living – and its space

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SSKB Strata Managers reviews the legislation on pool fences for Queensland, New South Wales and Victoria

In The Swim For Safety

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As the Aussie summer chases thousands of people to seek relief in the comfort of the many pools Australian homes and apartment blocks have to offer, enjoying a relaxing swim comes with the inherent but tragic risk of accidental drowning. As recently as 11 January

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