Category: Real Estate

Real Estate

What do you know about Strata Committee?

Rental First

3 out of 4 series THE STRATA COMMITTEE The strata committee of the owners corporation represents owners or owners’ nominees. It is responsible for the day-to-day running of the strata scheme and is elected at each annual general meeting (AGM). The owners corporation decides the number of strata committee members for the coming year at each

Real Estate

How a strata scheme operates

Rental First

2 out of 4 series THE OWNER CORPORATION All lot owners in a strata scheme are automatically part of the owners corporation (previously the ‘body corporate’) and have a right to take part in the decision making. The owners corporation should hold regular meetings for the owners to decide on issues affecting the strata scheme.