Are Body Corporate Services And Strata Management Services Similar Specialised Property Management Solutions?

 

Are you considering buying a property in Australia? If so, it’s important to understand the different types of property management systems in place. In this post, we’ll compare body corporate services and strata management services, two common property management solutions. We’ll look at the benefits and drawbacks of each system, so you can decide which is right for you. Stay tuned!

What Are Body Corporate Services?

Body Corporate Services are the various services that are required to maintain the common areas of a strata titled property. These services can include everything from rubbish removal and garden maintenance to repairing common area facilities like pools and gyms. In most cases, the costs of these services are shared amongst all the owners of a strata property, and they are typically managed by a professional body corporate manager.

While the exact services provided will vary from one strata property to another, the goal of body corporate services is always the same: to keep the common areas of a strata property in good condition and to make sure that they are safe and enjoyable for all residents.

What Are Strata Management Services?

Strata management services are a specialised form of property management that deals with the strata title of a piece of property. A strata title is a type of ownership that is broken up into units, and each unit owner owns a portion of the strata property. Strata management services help to manage these properties and their owners. These services can include everything from maintaining common areas to collecting strata fees.

In addition, strata management services can also help to resolve disputes between strata owners. As a result, strata management services play an important role in the overall maintenance and management of strata properties.

Body Corporate Vs Strata Management Services: Difference

Strata property management and strata services in Sydney can be very different, depending on the company you choose. Body corporate strata management is often a term used interchangeably with strata management, however there are some subtle yet important differences between the two.

Strata managers are responsible for all the common property within a strata scheme and the maintenance and upkeep of that property, whereas body corporates are the legal entity that owns the property. In most cases, the body corporate will engage a professional strata management company to carry out the day-to-day tasks associated with running a strata scheme.

This can include anything from maintaining common areas and dealing with repairs and maintenance issues to collecting levies and insurance payments. Choosing the right strata management company is essential to ensure your strata scheme runs smoothly and efficiently. Look for a company with a proven track record in delivering high quality strata services in Sydney.

What Differentiates Body Corporate And Strata Management Services When It Comes To Specialised Property Management Solutions?

Strata management and Body Corporate management services both are types of specialised property management solutions that are designed to meet the specific needs of owners of strata-titled properties. While there are some similarities between the two, there are also some important differences. Strata management services are typically provided by a Strata Management Company, which is a company that is specifically licensed and accredited to provide these services. Body Corporate management services, on the other hand, can be provided by either a Strata Management Company or a Body Corporate Manager.

A Body Corporate Manager is an individual who has undergone specialised training in managing strata-titled properties. One of the key differences between Strata management and Body Corporate management services is that Strata management companies are required to have insurance cover for any damage that might occur to the property as a result of their work, whereas this is not always the case for Body Corporate managers.

Strata management companies are also typically bound by stricter regulations regarding the way they conduct their business. As a result, they are usually able to offer a higher level of service than Body Corporate managers.

Who Plays The Greater Roles, Body Corporate Or Strata Management, In Regards To Specialised Property Management Solutions?

Strata property management is the process of planning, organizing and controlling the operations of a strata property. In general, body corporate managers play a more important role in the overall management of strata properties than strata management companies. This is because body corporates have a legal responsibility to manage the property in accordance with the Strata Titles Act and other relevant legislation.

Strata management companies, on the other hand, are not bound by such legislation and can therefore provide a more flexible and tailored service to their clients. As a result, they are often able to offer a better standard of service than body corporates.

Conclusion

The body corporate and strata management services are two specialised property management solutions that often get confused. There are key differences between these two types of service, but both are essential for ensuring smooth operation of a residential or commercial property.

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