Strata Management
Strata management (also called body corporate management in some places) refers to the professional administration of properties.
Strata Management
Strata management is the professional administration, coordination, and oversight of properties that are owned collectively under a strata scheme (also known as a body corporate or owners corporation). It ensures that shared assets are properly maintained, legal obligations are met, and the interests of all owners are protected.
Effective strata management balances compliance, financial control, building maintenance, and clear communication between owners, committees, contractors, and regulators. It plays a critical role in preserving property value, managing risk, and ensuring the smooth day-to-day operation of a strata scheme.
Strata management typically covers:
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* Administration and governance, including meeting coordination, record keeping, and by-law enforcement
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* Financial management, such as budgeting, levy collection, trust accounting, and financial reporting
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* Maintenance and repairs of common property, including coordination of contractors and long-term capital works planning
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* Compliance with legislative and regulatory requirements under strata and building legislation
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* Insurance management, claims coordination, and risk mitigation
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* Dispute resolution support between owners, tenants, and the owners corporation
Strata management applies to a wide range of property types where common property is shared, including:
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* Apartment buildings
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* Townhouse and villa complexes
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* Mixed-use developments (residential, retail, and commercial)
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* Commercial and industrial strata properties
A well-managed strata scheme promotes transparency, accountability, safety, and long-term sustainability for owners and occupants alike.
Frequently asked questions
