What is body corporate management?
Strata management is also known as body corporate management and owners corporations management. These terms can more or less be used interchangeably (depending on which state in Australia you’re in).
Strata management (or owners corporation management in Victoria) is the management of the legal entity that owners the common property of a building (i.e. the body corporate / strata scheme/owners corporation).
Strata management entails the convening and running of the Annual General Meeting, the setting of budgets, the collection of levies, the preparation of accounts and records, and the responsibility for the upkeep of the building.
If you wish to learn more about the defining factors surrounding body corporate management. Find out here today.