Associated Consultants

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We integrate with all those providers outlined below. We offer access to all those professionals and service providers that we have been associated with over 35 years.

See on the side for details of the service you seek or visit the glossary page if you require further explanation.

Terrace Strata Management (www.terracestrata.com.au) is a locally owned and operated strata management firm specialising in new developments.

Our ethos is centred on creating and nurturing great culture within the body corporates that we manage – we’ve experienced first-hand the sense of community that owners or their tenants enjoy when things are set up right from the outset.

We’ve put together a package to make sure your development has it all. We help you and the body corporate comply with the Strata Titles Act 1998, and to enhance the liveability of your development once it’s completed. We work with you throughout construction, and at settlement. We liaise with your real estate agent and prospective purchasers, and we provide the necessary requisition documentation at settlement. We prepare the proposed budget and call the first AGM with you as sole member of the body corporate so that we have everything in place for the new owners.

Ideally, you’d engage us before you start selling so that we can provide your purchasers with the proposed budget and by-laws. This shows your market that you’ve thought ahead about strata living and the well-being of your purchasers.

Your purchasers will get a clear understanding of their rights and obligations from the comprehensive set of by-laws, which bring together the relevant parts of the Act, the model by-laws, the council planning permit, and anything else that is specific to your development. They’ll be written by a land information consultant who’s had 30 years with the Land Titles Office dealing with disputes, so you can be sure that he knows how to prevent problems.

We are the first point of contact for anything that crops up, including repairs or maintenance on common property as well as within the units, and we are a neutral third party if ever there are issues between the residents.

On behalf of the body corporate, we undertake the following activities to ensure compliance with the Act:

Accounting

Setting up the bank account

Keeping the financial records

Preparing annual financial statements of income & expenditure

Issuing notices for fees

Paying invoices and insurance premiums

Reconciling the bank account

Insurance

Arranging the Strata Insurance through Insurance Solutions Tasmania Pty Ltd

Arranging a building replacement valuation as required

Lodging and managing insurance claims

Providing certificates of currency upon request

Documentation

Maintaining the roll of owners

Maintaining the Register of the Body Corporate

Recording of all correspondence

Preparing and supervising the use of the common seal

Keeping of records including minutes, budgets etc

Annual General Meeting

Convening, attending and chairing the AGM

Submitting a budget for consideration of the Body Corporate

Recording and distributing the minutes

Reporting our activities at the AGM

Maintenance & Guidance

Arranging minor maintenance (up to $1,000) or repairs of body corporate property

Assisting the body corporate in carrying out its obligations and in its decision making

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