How Simply Strata Assisted Strata Management Works
We offer services to strata properties that would like to save on their fees and take back control of the operation and management. As our company name suggests, our focus is to protect your Strata, Simply. The flow on effect of a well managed Owners Corporation is higher resale values for individual owners. The biggest benefit is that all this can be achieved with keeping levies at a minimum.
Simply Strata's role
- Ensure your building complies with all the necessary legislative requirements
- Ensure your building is adequately insured
- Ensure your building and a sufficient buffer is available in your sinking fund to meet future capital expenses.
- Provide your owners corporation with detailed financial statements
Your Role (The Owners Corporation)
- To conduct meetings (optional)
- To conduct AGM (optional)
- To obtain quotes from contractors
- To approve contractors commencement and finalisation on work undertaken
- To forward contractors bills to Simply Strata for payment
We provide the following services:
- We provide you with all the necessary paperwork and templates
- We maintain financial records and issue quarterly reports
- We pay accounts
- We provide lots with levy bills
- Maintain Trust Account
- Issue Levy Notices
- Recovery Levy Arrears
- Issue payments after authorisation
- Preparation and Lodgement of BAS/Tax Returns
- Administrative & Sinking Fund Budgets
- Assist with the notice of service of Notices to comply with By-Laws
- Maintain Strata Roll & Minute Book
- Record and retain notices under sections 118, 119 and 120 of the Act
- Keep Common Seal & attest to it’s affixation
- Insurance
- Insurance Valuations
- Prepare & Lodge Insurance Claims
- Insurance policy renewal
- Prepare & Issue Notices under section 45 of the Act
- Recommend contractors for Building Inspection & Reports
- We can recommend qualified contractors to undertake repairs and maintenance of the common property
- Consultancy
What enables us to qualify for the Assisted Management Option?
- If you have harmony in your property
- You have preferred contractors
- If you’re not budgeting major works
- If you’re a smaller block (eg. Under 50 lots)