If you’ve just bought your first strata title, you might be a bit confused about how everything works. After all, owning strata is unlike other kinds of property and the lifestyle in a building community is different as well.
One aspect that’s likely new to you is the idea of an Owners Corporation. We explain who makes up this body and what exactly they do.
Who are the members of the Owners Corporation?
All strata title owners automatically become part of the Owners Corporation, which is sometimes called the body corporate.
There are often other groups and individuals within the Owners’ Corporations as well. This includes the strata committee, a group of elected representatives who make the majority of day-to-day decisions.
What is the Owners Corporation responsible for?
Owners’ Corporations meet regularly to make decisions about the strata scheme – covering everything from budgets to insurance, by-laws and choosing a new building or facilities manager.
In addition to voting on important issues, Owners’ Corporations also:
- Issue by-law compliance notices,
- Arrange maintenance of common areas,
- Inspect strata records,
- Notify residents of pesticide treatments,
- Ensure fire safety inspections are carried out.
The number of issues that affect strata life are many, which is one reason many owners corporations choose to elect strata committees who can deal with the majority of less pressing matters.