The Difference Between the Administrative Fund and the Sinking Fund
Every strata community relies on two main funds to operate effectively: the Administrative Fund and the Sinking Fund. They serve different purposes, but both are essential in keeping a scheme financially healthy. The Administrative Fund: Covering Day-to-Day Costs The Administrative Fund is the community’s everyday account. It pays for routine, short-term expenses that keep the […]
Understanding Strata Management vs. Committee Responsibilities
What a Strata Management Company Does A strata management company—sometimes called a “body corporate manager” or “strata managing agent”—provides professional support to your body corporate. Their role is administrative, operational, and supportive, working under the direction of the body corporate committee, but they do not make decisions on behalf of the owners. Typical responsibilities include: […]
Understanding Limitation Periods for Building Defects in Victoria
For Victorian Owners Corporations and lot owners, knowing the time limits for pursuing building defect claims is critical. These deadlines, known as limitation periods, determine whether your claim can even be heard. Missing one could mean losing the ability to recover the costs of rectification entirely. Here’s what every committee and strata community should be […]
Buying and Selling in Strata Schemes: What You Need to Know
Strata living in Victoria offers shared amenities, community-focused living, and streamlined maintenance — but it also introduces unique responsibilities. Whether you’re purchasing or selling, understanding how strata differs from standalone properties is key. Here’s a simple guide tailored for the Victorian context. Buying in a Strata Scheme Buying a strata property means you’re becoming part […]
Renovating in a Strata Scheme: What you need to know
Making upgrades to your apartment or unit within a Victorian strata (Owners Corporation) development is not as simple as renovating a standalone home. Because the property is part of a shared community with joint responsibility for common areas, strict procedures are in place to safeguard the building, fellow residents, and your investment. Whether you’re an […]
Understanding Building Defects in Strata Properties – VIC
For strata communities, building defects represent a serious concern that can carry significant financial and safety risks. If not addressed quickly, these problems may result in costly repairs and negatively impact property values. No matter the age of the building, understanding how to identify and deal with defects is a critical responsibility for Owners Corporations. […]
Managing Noise in Strata Communities
Noise is one of the most common sources of tension in strata living. With residents living in close proximity, everyday sounds can travel easily between lots and common areas. While some noise is unavoidable, it’s important for communities to manage excessive or unreasonable disturbances to maintain a comfortable living environment for everyone. What Is Considered […]
Caretaking Agreements: Are They Working for Your Building or Against It?
In many strata communities, caretaking agreements are central to the day-to-day maintenance and functioning of the property. These agreements set out the roles and responsibilities of caretakers or building managers and have significant operational and financial implications for lot owners and committees. Understanding what these agreements involve is essential for making informed decisions about how […]
EV Batteries in Strata: What You Need to Know
As electric vehicles (EVs) continue to grow in popularity, strata communities are facing new challenges — and opportunities — when it comes to managing EV batteries and charging infrastructure. While the shift to cleaner transport is a positive one, it introduces complex considerations for buildings with shared services, parking areas, and by-laws. Key Considerations for […]
How to Communicate Effectively with Your Strata Manager
Good communication is the foundation of any well-run strata community. Part of this is understanding the role your strata manager plays and how you can work together effectively. Strata managers often manage a wide range of responsibilities and, at times, their role can be misunderstood — which may lead to misaligned expectations or delays in […]