Living in strata Archives - SSKB - Strata Managers | Community Experts
Community Living

Community Living

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When making the decision to purchase or rent in Strata property, living in a community is often an attractive factor. Although, once you are all settled into your home, many of us get so busy with day to day life that we sometimes forget we

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Record keeping in Strata

Record Keeping in Strata

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A potential buyer of a unit within a block in Moore Park in Sydney undertook an inspection of Strata documents in 2015. The records that were found were described as “terrible”. Has this happened to you and is this an isolated incident? A buyers agent

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What to expect at your 1st AGM

What to Expect at Your First AGM – QLD

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1st AGM for a brand-new Scheme So you have bought your sparkling new apartment and have received paperwork from your Community Manager about something called a 1st annual general meeting (AGM). If you are wondering what this is about and if you should be involved,

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What to Look For in a Manager

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Every property is unique and can be run differently by each Committee. However, there are some attributes that your Community Manager should ideally have to ensure your scheme runs smoothly. The role of a Community Manager is to support Committees and ultimately your Body Corporate/Owners

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Why You Need A Sinking Fund

Why Do You Need a Sinking Fund?

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One of the benefits of living in a Body Corporate is the fact that everyone contributes to the future upkeep of the property. This is done through regular savings. What is a sinking fund? A Body Corporate’s sinking fund is effectively a deposit which exists

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Community Management Statements

Community Management Statements – QLD

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For every Body Corporate, the Community Management Statement (CMS) is a crucial document that sets out the rules for living in that particular scheme. A specific Community Management Statement drafted for the particular Body Corporate assists to minimise disputes if they arise . In Queensland,

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Financial Obligations

Financial Obligations

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Under Australian Tax Law, your strata property must fulfill certain financial obligations. Tax returns Australian Tax Law requires that bodies corporate lodge a tax return for their assessable income in the financial year. The rate and threshold of taxation applied to bodies corporate is the

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Cladding deadline Extended

Cladding Deadlines Extended

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An extension has been announced for the QBCC combustible cladding deadlines. Parts 2 and 3a have been changed. At SSKB we have been working hard and engaging industry professionals to meet the original deadlines. For some committees it is a breath of fresh air to

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Everything You Need to Know About Voting

Everything you need to know about voting

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Who may vote at a general meeting? Only defined voters may vote at a general meeting. A voter for a general meeting is an individual who is entered on the body corporate roll as the owner of a lot or the representative of the owners

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Your Role as an Owner

Your Role as an Owner

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The four fundamental responsibilities of an owners may be categorized as follows. An owner must- Abide by the Body Corporate and Community management Act, the regulation module and the by-laws Ensure their details are on the Body Corporate roll Maintain their lot and any exclusive

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Conducting Business at a General Meeting

Conducting Business at a General Meeting

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Written notice of a meeting must be given to each committee member (including non-voting members). The notice must be given at least 7 days before the meeting or at least 2 days if all voting members agree in writing or at the last. For a

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Mortgage broker - financing property

Client Benefits of a Mortgage Broker – Before and After Settlement

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SSKB industry education – connecting you to information and education from the industry leaders in property, finance, insurance, legal, utilities, facilities management and more. Guest post by Peter Cooper from Cooper Financial Connections. The logistics around buying or refinancing property can be overwhelming, even for

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What Does a Body Corporate Manager Do?

What Does a Body Corporate Manger Do?

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The SSKB team of professional Community Managers are fully equipped with the skills, knowledge and experience to successfully implement strategies to deal with the day-to-day operations of a body corporate or owners corporation community. From preparing budgets to advising of changes in prevailing decisions from

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Does your body corporate have adequate cash flow?

Does Your Body Corporate Have Adequate Cash Flow?

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With the current economic climate and the number of natural disasters, as a body corporate manager I am finding that the cash flow of some bodies corporate is being adversely affected by a handful of owners who default on their levy payments. This can result

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Unwanted Fire Alarms

Unwanted Fire Alarms

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Have you received a false alarm account from your body corporate for an unwanted alarm lately? Why does the owner, occupier or guest receive the bill for the call out by the Queensland Fire and Emergency Service (QFES)? There are many buildings throughout Queensland who

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