Who Pays for Repairs and Maintenance of Owners Corporation Property: NSW
Farewell to confusion—presenting your quick reference guide. The following determines who pays for repairs and maintenance of Owners Corporation property. Outlining the people accountable for covering repair and maintenance expenses within an Owners Corporation property. When it comes to communal living, the Owners Corporation often shoulders the responsibility for maintaining common property. While the individual […]
Essential Guide to Strata Finance – QLD
Firstly, it is important to know what strata loans are: What are Strata Loans? In certain situations, a Body Corporate may encounter unexpected costs for emergency repairs or major remedial works. Ideally, there should be sufficient funds in the Sinking Fund. Also known as a Capital Expenditure or Maintenance Fund, to cover such costs. However, […]
Essential Guide to Strata Finance – NSW
Firstly, it is important to know what strata loans are: What are Strata Loans? In certain situations, an Owners Corporation may encounter unexpected expenses for emergency repairs or major remedial works. Ideally, there should be sufficient funds in the Sinking Fund. Also known as a Capital Expenditure or Maintenance Fund, to cover such costs. However, […]
Essential Guide to Strata Finance – VIC
Firstly, it is important to know what strata loans are: What are Strata Loans? In certain situations, an Owners Corporation may encounter unexpected costs for emergency repairs or major remedial works. Ideally, there should be sufficient funds in the Maintenance Fund, to cover such costs. However, if the funds are insufficient, the Owners Corporation may […]
Guide to being a new Committee Member – QLD
If you’ve recently become a Committee Member in your strata scheme, congratulations! Your role is important in ensuring the smooth running of your community, and as a new committee member, there are a few things you should keep in mind to make sure you’re effective in your position. We understand that being a new Committee […]
Strata Meetings 101 – NSW
Effective Strata meetings are essential to the successful running of your Owners Corporation and ensuring that your scheme is running in accordance with its legislative obligations. Being prepared and efficient can make all the difference to your meetings and ensure your meeting is a successful one. In this article, our SSKB Owners Corporation Managers provide […]
An Introduction to Owners Corporation – VIC
If you have recently moved into an Owners Corporation and the Owners Corporation Management team listed is SSKB, we would like to introduce ourselves. We are the Managers of your Owners Corporation. Our role is to make your Owners Corporation experience as frictionless as possible. In this article we will walk you through an introduction […]
An Introduction to Body Corporate – QLD
If you have recently moved into a Body Corporate and the Body Corporate Management team listed is SSKB, we would like to introduce ourselves. We are the managers of your Body Corporate. Our role is to make your Body Corporate experience as frictionless as possible. Click here to find out what your roles and obligations […]
The Purpose of the Owners Corporation – VIC
When first purchasing in an Owners Corporation, many questions arise. Who is the Owners Corporation, what is the purpose of an Owners Corporation, how is the Owners Corporation financed, how does the Owners Corporation make decisions and more! The Owners Corporation The Owners Corporation is made up of all owners in a Strata scheme. When […]
Owners Corporation Secretary Responsibilities
In an Owners Corporation, a new Committee is elected at each Annual General Meeting by the lot owners. This Committee is responsible for the administrative and day-to-day running of the community, including making decisions on behalf of lot owners, and enforcing lawful decisions of the Owners Corporation. Committees are comprised of the Chairperson, the Secretary, […]