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 – VIC
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 […]
Ultimate Guide to Strata Rules- VIC
If you are a resident or owner of a strata property in Victoria, it is important to understand the strata rules that govern your building. First, let’s take a closer look at what rules are! Strata rules are established by the Owners Corporation of a strata scheme to manage and regulate the conduct and behavior […]
5 Tips to Promote Sustainable Strata Living-VIC
With climate change becoming more of a prominent issue so does its impact on our lot owners everyday life. It is so important communities living in strata titles know ways they can be a part of the solution to help reduce our environmental impact. It can be hard to believe but every single person can […]
3 Steps To Deal With Noise In Strata- VIC
Everyone has the right to the quiet enjoyment of their home. But what if your neighbour’s enjoyment is very noisy, ongoing, loud and intrusive? This isn’t fair and you shouldn’t put up with it. It is one thing to have noisy neighbours but in close living arrangements such as strata living, the impact is exacerbated. […]
Guide To Owners Corp Cladding- VIC
In June 2017, a vicious fire tore through London 24 Storey Grenfell tower, causing 72 fatalities. More recently, in February 2019 the Melbourne Neo 2000 building caught on fire from a lit cigarette on a balcony. The devastation was awful, and the tower was heavily damaged. After these events, stakeholders highlighted the issue of using […]
The Role of A Owners Corporation Manager- VIC
The SSKB team of professional Strata Managers are fully equipped with the skills, knowledge, and experience to successfully implement strategies to deal with the day-to-day operations of an Owners Corporation community. But sometimes people get confused about the duties of a Strata Manager. Each state in Australia has different legislative requirements and terminology resulting in […]
Help Guide About Owners Corporation Insurance- VIC
Even considering an insurance policy is enough to give most people a headache – let alone handling insurance for a multi-storey apartment block. In Victoria, Owners Corporations must ensure that they have insurance coverage for: a. common property b. public risk c. every building which contains an owner’s lot (i.e. an apartment or a unit). […]
Maintenance Plan Common Q & A
What is a Maintenance Fund: An Owners Corporation’s Maintenance Fund is effectively a “savings account” which exists to allow an Owners Corporation to pay for major repairs and maintenance of a building, in accordance with the scheme’s Maintenance Plan. Who is the Maintenance Plan prepared by and how is it prepared? A quantity surveyor typically prepares […]
3 Tips to reduce Levy Arrears in Owners Corporation Communities- VIC
Arrears is simply defined as, “money which is owed that was required by the due date.” The arrears process, or the collection of overdue contributions is a very important function in your Owners Corporation. It enables the Owners Corporation to meet its budget and maintain the cashflow required to meet the expenditure of the complex. […]