May 25, 2022

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Benefits of Body Corporate Management

A body corporate manager handles queries and complaints from owners and communicates with insurance companies and the tenants. The manager also maintains the strata roll and assists with bookkeeping and accounting. The manager will ensure that the budget is clean and the body corporate is operating within its means. A body corporate manager will also be responsible for liaising with neighbours, sales agents, councils and conveyances. These services are essential for the smooth operation of a JEWhite’s body corporate management Adelaide.

The role of JEWhite’s body corporate management Adelaide is essential for the smooth operation of the body corporate. Unlike a regular business, it can be delegated to a third party. A good body corporate manager will be familiar with the nuances of a complex organisation, allowing them to make informed decisions. In addition to overseeing the association’s daily operations, these professionals are also responsible for undertaking important tasks, such as collecting levies and carrying out repairs and maintenance tasks within the building.

A body corporate manager is required by law to act on behalf of the body corporate. The BCM is responsible for making all decisions and implementing the decisions made by the committee. A body corporate is not effective without the leadership of its committee. Sometimes a committee member cannot spare the time to participate in meetings, and they need someone to step in and do the work. It is advisable to appoint a professional body corporate manager in such a case.

A body corporate manager must oversee the common property, common funds, insurance, and other body corporate responsibilities. These professionals must keep up with legislation and deadlines and be proactive in ensuring that all policies and procedures are compliant. Their work is also dependent on the committee’s approval and the owners’ wishes. When these parties are in disagreement, a BCM can advise the body corporate on how to proceed with the issues.

When selecting a BCM, it is important to know that a property manager is not an owner. They only represent the body corporate, and they do not run the corporation. They are there to perform administration tasks and to execute executive decisions. They must also stay within the boundaries of the management agreement. Minor renovations require a vote of the body corporate, and there are many other requirements. However, when selecting a BCM, the owner should consider their expectations.

Besides the duties of a corporate body manager, the BCM must be well-equipped with the legal knowledge and experience to handle such a situation. It should also be aware of the various complexities of the legislation in the state. Having an expert on the committee will help them understand what the legislation requires of the body corporate. In such a scenario, the BCM should be able to manage the body corporate affairs following the Act’s requirements.

A body corporate secretary is a key to the success of a project. The secretary is the liaison between the body corporate and the owners. A body corporate secretary will keep records, take minutes at meetings, and maintain the strata roll. They will assist in all administration tasks and will also be able to assist the owner with financial planning and insurance needs. The body corporate secretary should be well-connected with the board and the property owners to ensure the smooth operation of the association.