Should you engage the services of body corporate managers in Annerley? To answer that question, we need to look at the kind of situation that might necessitate a body corporate in the first place.
When it comes to buying a house, ownership and management of the property is relatively straightforward. You are the sole titleholder of the property, which means that you own the house and the land on which the house is built. Once you close purchase on a property, the management and upkeep of that property—along with all other relevant responsibilities—are in your hands.
Things are slightly more intricate when you buy a unit in a larger property development. From residential apartments and townhouses to commercial office buildings, the ownership of these properties is complicated by the fact that there are multiple unit owners. While each person or entity has their own unit, they also share common areas—such as driveways, gardens, sidewalks and hallways. The question of who should maintain these common areas is not answered by the title itself.
Establishing a Body Corporate for Your Strata Property
The scenario described above is one of the inherent considerations of buying, owning or managing property on a strata title basis. A strata title is property title that grants the holder sole ownership of a segment of a development—be it a lot or a unit—as well as shared ownership of the property’s common areas. These shared entities are owned collectively by all the lot or unit owners in the development, through what is often called a strata company or an owners corporation. This type of legal body is also known as a body corporate.
When you buy a unit in a pre-existing apartment building or office building, you buy into the body corporate and the shared privileges and responsibilities therein. For a new property, though, you may need to establish a new body corporate and appoint someone to manage it. At Matthews Real Estate, we have been offering body corporate management services in Annerley for more than 35 years.
When you hire body corporate managers or strata title managers in Annerley, you are essentially appointing someone to manage the property and responsibilities that you share with other strata title holders. This manager serves multiple functions, including (but not limited to) the following:
While it is possible for you or another member of your body corporate to act as body corporate manager for your own Annerley project, the learning curve for this kind of job can be quite steep. In most cases, the best option is to engage the services of a company that specialises in strata title management in Annerley. At Matthews Real Estate, we have the experience and knowledge to handle body corporate establishment and administration on behalf of you and your fellow strata title holders.
Are you interested in working with our strata title managers in Annerley? Call Matthews Real Estate on 07 3848 0655 to get started.