Simplifying strata management and maximising your most valuable asset
With ever escalating property prices, strata living is becoming more and more popular within metropolitan areas, especially amongst a younger generation of homebuyers. More importantly, strata management and ownership is a cost-efficient way for prudent investors to be involved in strategic and valuable real estate that they would not usually be in a position to participate in.
Whilst strata living offers several advantages, it can quickly become a problem if strata management is left in the wrong hands and not managed in a compliant manner. The Strata Titles Act 1985 of WA is very complicated and requires specialised knowledge and experience. Many strata owners are not aware of these complicated legal requirements or even the legal entitlements of their lot. It is therefore imperative to have a professional strata manager on your side to avoid any future complications.
Although strata management is currently unregulated in WA, many real estate firms experiment by offering strata service at a cost to their clients which often results in poor client servicing – negligence of compliance requirements and lack of long term maintenance plans to name a few.
Contrary to this, we at Mark Hay Realty Group are committed to providing a high standard, compliant strata management service to our astute investor clients and home owners.
Mark Hay Realty Group also offer a specialist service setting up the appropriate documentation in relation to new strata developments. This can encompass the creation of the strata plan, Form 3 and unit entitlement, special by-laws, disclosure statements, Form 28, Form 29, strata budget, reserve fund and any other points that are specifically required in relation to establishing a brand new strata company.
The same diligence and professionalism that we are noted for as Perth’s leading investment specialists is applied to the creation of new strata planning. We offer an all-encompassing service as well as advising on any other extraneous points that can benefit or enhance your development.
We are with you every step of the way.