Strata Life

Part and parcel of strata community living is compliance with the rules and regulations and management of the same. This requires good governance and retention of important documents by the strata community. 1. Plan of subdivision A copy of the plan of subdivision should be retained because it not only provides the boundaries (what is common property and what is private property), it also gives gu...

Living in a strata community requires that we learn to live in close proximity with one another. Living in close proximity means that there may be times that others could affect one’s enjoyment of their property and the common area. Where disagreements occur, your strata community could receive complaints from residents about others’ behaviour including misconducts resulting in damage to private o...

We all love to improve our residence or real estate investment. However, one of the worst nightmares of a homeowner is if your property has water leak issues. You either will see the progressive resultant damage or you will see the potential loss of your income, if you hear your tenant threatening to end their rental agreement, should the issue not be resolved within a reasonable period of time. I...

Your strata community should carefully consider the traits that are important to you so that you could hire the appropriate and fit strata manager. After all, your aim is to hire a trusted advisor – your strata manager. There are many traits of an effective strata manager. Here are what we think are the 5 traits that you should consider when you hire your next strata manager. 1. Committed and Dedi...

A strata community leader is either the chairperson or president who is elected at an annual or special general meeting. A chairperson or president of the strata community is either delegated all the ordinary decision making entitlement or powers or they are delegated to lead the committee. Many wants to lead a strata community, but the truth is, not everyone has the traits to effectively lead a s...

Welcome to Strata Life by Rochelle Castro The place where you should go to learn and get inspired on all matters strata In this episode I will cover... 5 techniques on how to hold a productive general meeting I previously shared with you the techniques on how to hold a committee meeting. This episode is different in that I am sharing with you the techniques on how to hold meeting with a larger cro...

5 techniques on how to hold a productive committee meeting Of all the meetings that your strata community holds, it is the committee meetings that you will hold the most. This is because committees make the decisions on daily operations of your strata community. So, it is important to know effective techniques on how to hold your committee meetings. Here we go.. 1. Set an agenda It’s not only cruc...

5 items that strata insurance covers One of the benefits of being in a strata community is enjoying the benefits of a bulk buy of strata insurance cover. It means that each and every lot or unit property, including common property purchases strata insurance cover so that their investment is protected. You will notice that I used the word “bulk buy” of strata insurance. “Bulk buy” refers to the own...

5 responsibilities of your strata community (You probably wonder the purpose of your strata community aside from collect money from you. Well, in exchange of the monies collected from you are the benefits of services and value that you receive from your strata community. These benefits and services come from the responsibilities that your strata community has to take care of your common property s...

5 kinds of strata levies (I previously covered 5 collection methods of strata levies. It is also important to know the 5 kinds of strata levies which contribute to maintaining and preserving one of the large investments in your life your property) 1. Insurance to reinstate and replace your property building (#it is absolution necessary to get reinstatement and replacement building insurance. This...

Welcome to Strata Life by Rochelle Castro The place where you should go to learn and get inspired on all matters strata In this episode I will cover... 5 collection methods so that your strata community’s cashflow is healthy 1. Send a letter of demand 7 or 14 days after the levies are due (do not wait for a final notice to be sent. You could also send another letter after the final notice is issue...

5 steps on how the owners corporation committee could make legal decisions- 1. Identify the items that should be decided #explain 2. Create a meeting agenda and notice #explain (include 3 days prior meeting notice) 3. Hold the meeting. (Check attendance and eligibility to vote, give brief opportunity for each member to express their views, then vote, then close the meeting) 4. Write the minutes of...

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Welcome to Strata Life by Rochelle Castro. The place where you should go to learn and get inspired on all matters strata.