Whenever a person is asked what does a body corporate manager do, it is important to be able to provide them with a clear understanding of what the role entails. This article will give you a brief summary of some of the things that a body corporate manager may do. These include collecting owner levies, maintaining common property, ensuring compliance with the code of conduct, running meetings, and identifying shortfalls in the way that the manager is being managed.
Maintenance of common property
Managing common property can be a daunting task, but a professional body corporate manager can help make the process run smoothly. If you are considering moving into a strata building, ask your landlord about common property repairs.
Common property areas include outdoor terraces, car parks, pools, hallways, lobbies, and lifts. Maintenance is generally undertaken by the body corporate, although the responsibility of individual unit owners is often shared.
The term ‘body corporate’ is not actually a physical legal entity, but it is a group of lot owners that maintains and manages the common property. This entity is governed by legislation, and it is important to get the right advice when considering a move.
A body corporate may have the most advanced infrastructure, but if it’s not a part of your lot, you are not likely to benefit from it. This could be pipes, electrical, and drainage.
Organizing and running meetings
Organizing and running meetings as a body corporate manager is not something that you should leave to chance. In fact, you should be planning well in advance to make sure you have a smooth and successful meeting.
The following list is a list of items to consider. For example, you may choose to hold meetings with less than eight people. This can help you speed through the agenda while maintaining a sense of structure and control.
You should also be able to count on your guests’ time and attention. A poorly-run meeting is a waste of money, time and resources.
You should also consider whether your meetings are truly effective. A truly effective meeting delivers tangible results. It also leaves attendees feeling confident.
Collecting owners’ levies
Having a robust levy collection process can help body corporates in good financial standing. This can help mitigate the impact of slow payers and poor cash-flows. It can also help create a budget surplus which can be applied to the next year’s levies.
If your body corporate is experiencing financial hardship, you may be able to discuss payment options with your body corporate manager. Some body corporates will offer a discount to owners who pay their levies on time. This may include insurance levies, sinking fund levies and administrative fund levies.
If you are experiencing financial hardship, it is important to take action as soon as possible. You may consider leasing your property or selling it. You can also contact Strata Dynamics. They will assist you with collecting owners’ levies as a body corporate manager.
Compliance with the code of conduct
Whether you’re a StrataSphere manager or an employee, it’s important to know how to comply with the code of conduct. It doesn’t just define how you should conduct yourself, it provides the basis for your company’s high ethical standards. If you’re not sure about how to do something, you should first seek guidance from your Compliance Officer or the Legal Department.
Codes can also be a guide for you to locate relevant resources and deal with ethical dilemmas. However, they cannot be a replacement for ethical training or an employer’s commitment to fostering an ethical workplace.
Generally accepted business practices must not conflict with laws in the countries where your company conducts business. If you think you’ve broken any laws, report it immediately. You can call the Compliance Hotline or seek guidance from your manager or SGT Chief Compliance Officer.