ACE Body Corporate Management – Managing Strata Titled Apartments in Adelaide

If you own a Strata Title property, you will likely pay body corporate fees. These fees are the cost of managing the building or complex.

These levies are usually determined by the committee at an AGM. They can include an administration levy, general purpose sinking fund levy or particular purpose sinking fund levy.

Administrative Support
A corporate body is a group of owners on a shared piece of land who have agreed to manage the common property. The body corporate committee (which varies between States) represents the interests of all owners in the body corporate and is responsible for the common property’s Adelaide body corporate management, operation, and maintenance. Each State has specific rules that govern how the committee is formed and how it operates.

The corporate body committee has a significant amount of responsibility. It is required to meet regularly (usually monthly) to discuss issues, resolve disputes, raise levies, organise service providers, buy sufficient insurance cover, liaise with local government, welcomes new residents and owners, establish expectations and rules, set budgets, respond to owner requests, and more. The committee can hire a professional strata manager to perform these duties, which frees up time for the committee to focus on other important matters.

If the committee decides to hire a corporate body manager, the manager automatically becomes a non-voting member of the committee and cannot act on behalf of the committee without the committee’s permission. However, the manager can still assist the committee with its work and organise maintenance works for the common property upon the committee’s request.

The body corporate management team at ACE can help with all aspects of your body corporate’s financial and administrative management, from maintaining records to insurance facilitation. Our local managers are experts in their field and can advise based on your unique circumstances.

Legal Support
A body corporate management company is appointed by the owners of an apartment block/land to manage that block on their behalf. These companies work for the collective interest of all owners and can provide advice on legal and financial matters. They can also mediate a discussion between owners having issues with one another. However, a corporate body does not have the power to evict a tenant. The only way a tenant can be ousted is by a court order or if a breach of the lease occurs. For professional Adelaide body corporate management services, check this out!

In Australia, a corporate body is a managing body that administers the common property of multi-unit buildings and housing complexes. It is a legally registered entity that must be present in all buildings with a strata title. The corporate body is usually led by a management committee that includes the owners of each lot in the complex.

The management committee is responsible for the management of the property, the administration of levies and contributions, organising service providers, buying insurance, maintaining records, raising levy rates, responding to owner requests, liaising with local government bodies, setting expectations and rules, addressing disputes, and welcoming new residents and owners to the building.

As a member of a Body Corporate, you have a right to speak at meetings, but that does not mean you can shout out your opinions. You must respect the other members, follow the parliamentary decision-making procedures, and attend all annual general meetings with 14 days’ notice. You can ask questions at these meetings but not make any decisions unless a majority vote agrees.

Managing your Body Corporate in Queensland requires a professional understanding of the legislative requirements. AUA is experienced in financial management for all sizes of Body Corporates. Whether you have an apartment, townhouse or villa in a strata scheme, we can help you to manage your Body Corporate efficiently.

Maintenance Support
If you are a property investor with a strata-titled apartment or unit complex, you know that you have to pay body corporate fees. While these fees may seem annoying, they’re a necessary part of the property under a strata title.