Are you an owner’s corporation manager in Melbourne? If so, you know just how much stress can come with the job. From collecting fees to handling maintenance and repairs, there’s a lot that comes with being an owners corporation manager. Fortunately, there are steps you can take to make the job easier. In this blog post, we will take a look at some of the ways you can ease the burden of managing an owner’s corporation in Melbourne. From setting up a schedule to streamlining the process and more, read on to learn how you can make your job as an owners corporation manager much easier.
What is an Owners Corporation?
An Owner’s Corporation, also known as an OC, is a legal entity that represents the owners of a strata-titled property. The Owners Corporation is responsible for the management and maintenance of common property, and works to protect the interests of all owners in the strata scheme.
An OC is established when a strata plan is registered with the relevant state or territory authority. The Owners Corporation can be either incorporated or unincorporated. An unincorporated OC does not have a separate legal identity to its members, whereas an incorporated OC does.
The Owners Corporation is governed by a set of rules known as the Model Rules, which are set out in each state or territory’s legislation. The Model Rules cover a range of topics including meetings, finance, insurance, repairs and maintenance, and dispute resolution.
Members of an OC are each allocated a voting entitlement based on the unit entitlement shown on the strata plan. The unit entitlement sets out the proportionate share of ownership of the common property for each lot owner. For example, if there are 10 units in a strata scheme and one unit has a unit entitlement of 1/10th, then that owner would be allocated one vote.
The Owners Corporation is required to hold an Annual General Meeting (AGM) each year. At the AGM, owners elect an executive committee to manage the affairs of the Owners Corporation on their behalf. The executive committee typically consists of a chairperson
What are the benefits of an Owners Corporation?
An Owners Corporation, also known as a strata corporation, is a legal entity that represents the owners of a property who share common interests. It is responsible for the upkeep and maintenance of common areas and shared facilities, and for ensuring that the property is run smoothly and efficiently.
An Owners Corporation Can Provide Many Benefits to Its Members, Including
· Peace of Mind
Knowing that there is someone responsible for the upkeep of your property can give you peace of mind and allow you to relax and enjoy your home.
· Financial Savings
An Owners Corporation can save you money by negotiating better deals with service providers, such as insurance companies or cleaners, and by bulk-buying common supplies.
· Improved Lifestyle
An Owners Corporation can improve your lifestyle by providing amenities such as gyms, swimming pools, or tennis courts, which you would otherwise have to pay for separately.
· Increased Sense of Community
Belonging to an Owners Corporation can increase your sense of community by bringing you into contact with your neighbours and giving you a say in how your property is managed.
How to Find the Right Owners Corporation Manager?
Owners Corporation Management can be a full-time job, and it can be difficult to find the right manager for your property. Here are a few tips to help you find the right Owners Corporation Manager:
· Do Your Research
There are a number of different Owners Corporation Management companies in Melbourne, so it’s important to do your research and find one that is reputable and has experience managing properties like yours.
· Ask Around
Talk to other owners in your building or block and see if they have any recommendations for good Owners Corporation Management companies.
· Get Quotes
Once you’ve narrowed down your options, get quotes from several different companies so that you can compare prices and services.
· Make Sure They’re Accredited
Only use an Owners Corporation Management company that is accredited by the Australianbody for strata title management (Strata Community Australia). This will ensure that they are professionals who are up-to-date with the latest regulations.
How to Choose the Best Owners Corporation Management Company?
There are a few key things to look for when choosing the best Owners Corporation Management Company for your property in Melbourne. Here are a few tips:
Make sure the company is accredited with the Owners Corporations Victoria (OCV).
· Ask Around
Get recommendations from friends, family or other businesses in the area.
· Do Your Research
Read online reviews, check out their website and make sure they have experience managing properties like yours.
· Get a Quote
Compare prices and services to find the best value for your money.
· Meet Them in Person
This is a big decision, so you want to make sure you feel comfortable with the company you choose. We recommend you to visit Body Corporate Collective website to get more knowledge about owners corporation management Melbourne since you can find a comprehensive guide there.
The Duties of an Owners Corporation Manager
An Owners Corporation Manager is responsible for the overall management of an owners corporation, including its finances, property maintenance, and adherence to strata laws. They are also responsible for communicating with owners and tenants, and handling any disputes that may arise.
An Owners Corporation Manager typically works closely with a committee of owners, and must be able to effectively manage their time and workload in order to keep the owners corporation running smoothly. They must be well-organized and have excellent communication skills in order to maintain good relationships with all parties involved.