Commercial Strata
We have sound knowledge and an in-depth understanding of the requirements of a commercial strata scheme, their by-laws, and work health and safety (WHS) requirements to effectively manage your commercial asset.
Whether an office building, storage complex, industrial factory or mixed-use strata parcel, we draw on our years of experience to maximise returns for our commercial clients.
Case studies
Windeyer Chambers, Sydney
Originally completed in 1981, the owners in this CBD tower engaged Strata Republic in 2005 and underwent a large-scale remedial upgrade in 2014 to modernise the property and add significant value to their investment.
265 Castlereagh Street, Sydney
Located opposite the Downing Centre Law Courts, this building underwent a substantial refurbishment in 2010 increasing the value of the 60 commercial suites significantly.
Agriculture House, Sydney
195 Macquarie Street stands prominently as a premium location on Macquarie Street just moments from the world famous Martin Place and Circular Quay precincts.
Eastern Valley Way, Chatswood
An industrial site combining office and warehouse space, this site was completed in 2006 and Strata Republic has had the pleasure of managing the owners corporation since registration of the strata plan.
Skandia House, Sydney
Positioned in the heart of Sydney’s Financial Core, Skandia House is one of Sydney CBD’s finest boutique mixed-use developments. Previously the home of Northumberland Insurance,
Pacific Trade Centre, Sydney
Pacific Trade Centre is the former 2GB radio building located at the south-eastern intersection of Sussex Street and Liverpool Street.
Services
Finance
- Establish and maintain the trust account.
- Manage the Administrative Fund and the Capital Works Fund.
- Act as Treasurer under delegated authority.
- Prepare a recommended budget for the Administrative Fund and Capital Works Fund budget at the close of the scheme’s Financial Year.
- Issue levy notices on a quarterly basis.
- Receive, acknowledge, bank and account for money paid to the Owners Corporation.
- Pay and record invoices to all creditors of the Owners Corporation.
- Provide quarterly statutory reconciled accounts, including balance sheet, statement of income and expenditure, and levy status report.
- Provide a monthly payments summary and bank reconciliation report to the Treasurer of the Owners Corporation.
- Prepare and lodge quarterly BAS activity statements through our in-house registered BAS Accountant (no need for an external accountant).
- Assist auditor by providing accounts and records.
- Manage investment accounts on instructions from the Owners Corporation.
Insurance
- Liaise with the appointed insurance broker to obtain quotes for insurance renewals from APRA approved insurers.
- Renew and amend insurance policies in accordance with the instruction of the Owners Corporation.
- Arrange an insurance valuation as required.
- Claims administration and other activities involved in minimisation of loss, liaison with loss adjustors and other related activities.
Record Keeping & Communication
- Maintain the books and records of the strata scheme as required by the Owners Corporation under the Strata Schemes Management Act 2015 (NSW) in electronic format for the statutory 7-year period.
- Maintain the strata roll.
- Act as Secretary under delegated authority.
- Maintain a common seal and affix as required following a resolution of the Owners Corporation.
- Maintain an online web portal for members of the Owners Corporation.
- Attend to routine written and oral communication and provide guidance to the Strata Committee on strata legislative and compliance requirements and the by-laws.
- Prepare and distribute the agenda and minutes of meetings as required by the Owners Corporation.
- Act as Chairperson at general meetings and strata committee meetings if required.
Management & Compliance
- Ensure the Owners Corporation are advised on compliance requirements in accordance with the Strata Schemes Management Act 2015 (NSW) and local Council.
- Arrange for the certification of fire safety standards and lodgement of the AFSS.
- Arrange reviews and certification of other essential services as required, including lifts, anchor points, building cladding etc.
- Manage contractors such as the Building Manager and Cleaners.
- Arrange tenders for services as required.
- Maintain the key register and common property keys and access devices.
By-law Management & Dispute Resolution
- Advise on existing by-laws and provide guidance to the Strata Committee as required.
- Issue by-law breach notices on instruction of the Strata Committee.
- Arrange drafting of amendments to the By-Laws.
- Facilitate a dispute resolution process as required.
- Prepare and lodge applications for mediation, adjudication and tribunal orders, brief lawyers and attend mediation and tribunal hearings as required and instructed.
Repairs and Maintenance
- Arrange maintenance and repairs as required and instructed.
- Obtain quotes for services and works to the common property.
- Advise the Strata Committee on any budgetary considerations.
- Organise and coordinate works to the common property.
- Ensure tradespeople have appropriate insurances and are licensed.
- Arrange building inspections and reports as required.
- Obtain a 10-year Capital Works Fund plan as required.
- Advise on building condition surveys and scheduled maintenance programs.