What is Strata - Your 4 Top Questions Answered (Qld) - SSKB - Strata Managers | Community Experts

What is Strata – Your 4 Top Questions Answered (Qld)


What is Strata? 

A strata community is the name given to people who live in a strata-titled building.

A strata title is a legal structure designed for apartment buildings, townhouse complexes. It even extends to industrial parks, office buildings and shopping centres.

When you purchase in a strata-titled building, you’ve not just bought an apartment or a lot, but you’ve also bought part of the building itself and all the associated common areas (such as hallways or facilities such as a swimming pool or a lift).

Owners are responsible for the maintenance of their own lot and the upkeep of all of the common areas as well.

Depending in which state you live in, a strata community may be referred to as:

  • A Body Corporate, or;
  • An Owners Corporation

Terminology changes from state-to-state but the purpose is the broadly the same.

What is the purpose of a Body Corporate?

A Body Corporate exists to manage issues mutual interest to all the owners. They include:

  • Physical property issues;
  • Issues related to people living together;
  • Physical property includes gardens, common building structures and shared assets such as recreation clubs and tennis courts.

What are the responsibilities of a Body Corporate?

The responsibilities of a Body Corporate governed by legislation.

In a nutshell, the duties are:

  • Administer the common property and the Body Corporate assets for the benefit of the owners of lots included in the scheme;
  • Maintain common property to the extent it is in structurally sound condition;
  • Enforce the community management statement (including by-laws affecting the common property);
  • Carry out other functions given to the Body Corporate under legislation, such as keeping records about its operations, meetings and owners.

The Body Corporate is not legally able to do anything other than fulfil these mandatory responsibilities.

In performing these duties, the Body Corporate can enter into contracts, employ staff and generally deal with property. Unlike a commercial company, it cannot conduct businesses, such as a letting agency, tour operation or restaurant.

How Is A Body Corporate Financed?

Every owner makes contributions, known as levies. These are pooled to maintain the community and common areas. The size and frequency of the contributions required to properly run the Body Corporate are decided by all owners at the annual general meeting.

How Does the Body Corporate Make Decisions?

Decisions are made by owners in two ways:

  • At a meeting of all the owners (a general meeting)
  • At a meeting of the committee for the Body Corporate

It is important to note that no individual acting in isolation can make a decision on behalf of all the owners.

SSKB is Australia’s leading strata management company, specialising delivering expert advice and management to Body Corporate and Owners Corporation communities.



Related post

A Guide to Being a Great Treasurer
A Guide to Being a Great Treasurer
Conflict Between Owners and The Committee Queensland
Conflict Between Owners and The Committee – Queensland
Networks: They are more than just an IT thing

Recent Comments

2 Comments

Wayne On February 1, 2020 | Reply

Hi,
I am looking to buy a penthouse in the Surfers Chalet building, there is 100 plus m2 tiled on the top level which is my level, if it leaks is the Body Corp responsible or me?

    Emma Smith On February 24, 2020 | Reply

    Apologies for the delay Wayne,

    Our first comment when buying any property is to ensure you do your due diligence so that you are aware of what you are purchasing. One aspect of good due diligence will be to engage someone / or yourself to undertake a search of the Body Corporate records. This search should include a review of all Minutes, the financial position of the scheme, correspondence, Building Reports, insurance, etc so that you gain an understanding of what the current issues are within the building, this will ensure there are no nasty surprises for you.

    Regarding your specific question:- The roof or tiled area you identify could either be on title to your Lot or be exclusive use to you, this detail you will find in your search of the Body Corporate records. However, the issue of a water leak through the membrane will be a Body Corporate responsibility as by your description it is the membrane which keeps the water out of the whole building. We say this assuming that you or the previous owner have not undertaken any works in this area which may have damaged the waterproof membrane which otherwise would be functioning. The issue of who is responsible for the tiles or flooring which is on top of the membrane has been argued many times and due to the specific circumstance at the time, responsibility is not able to be identified in this forum. A legal review of this issue would provide the relevant cases and circumstances.

    We hope this has provided some insight and answers into your circumstance and question.

    Regards

Leave a Comment

Your email address will not be published.