AN OVERVIEW OF STRATA TITLED PROPERTY
Understanding
strata titled property, owning it and managing it can be a daunting challenge.
The administrative process generally begins once the local and state
authorities approves the sub-division. If the subdivision is a strata
titled scheme a number of legislative procedures must commence. The
process is likely to begin with the implementation of the inaugural and first
annual general meeting to establish the new strata. Other following
procedures can include drafting and registering special by-law, compliance with
self-managed small scheme strata book-keeping and records, sinking fund long
term maintenance planning for older schemes or Work Health
and Safety compliance. In Western Australia, the current
primary reference sources are the amended Strata Titles Act 1985 (WA) which took effect on 1 May
2020 and the Strata Titles
General Regulations 2019 (WA). DSM STRATA is able to offer the
strata client the full range of professional strata management advice and
assistance.
DSM STRATA has operated locally and in
the eastern states the last 20 years. We use standard REIWA agreements and
contracts endorsed by the WA Department of Mines Industry Regulation and Safety
which provide full transparency and disclosure. We do not charge, overcharge or
carry out extra services or work unless you instruct us to do so. You only pay
for services that your strata complex requires. The DSM STRATA portfolio is owned
and personally managed by the proprietor, Dian Santa Maria who is supported by the
DSM Administration and Maintenance Team.
Another service provided by DSM STRATA to the local strata community is the unlimited
24/7 online access to your account whether you are based locally, interstate or
overseas if you have email access. Additionally,
we also provide a customised end of month strata income and expenditure financial
report. This is a cost saving initiative which we have introduced to benefit
the strata scheme and strata lot owner. You don’t have to pay for unnecessary
administrative costs and paperwork. If
you do not own a computer or are not familiar with electronic media you do not
miss out on any of these services. Documents will be sent by Australia Post.
Our management services are tailored to suit each strata scheme and property
owner's needs. We offer three (3) management agreement options and our fees and
charges are based on the services that you require:
Option 1 |
Full management services; |
Option 2 |
Partly management services (to be negotiated);
and |
Option 3 |
Management for services to undertake financial record keeping compliance and strata insurance compliance. (Suitable for self-managed strata schemes with active committee members). |
General Strata Management Services Accounting
Meetings
Administration