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I moved from Sydney to Melbourne in April this year. I bought and now live in a unit in a 8 unit complex in Armadale Melbourne. Since I have been here I have noticed that things could be improved in terms of how the body corporate is run, including expense control and the setting of strata levies. Is there a document or a set of principles that explains how to best run a body corporate ? Or perhaps things that a well run body corporates does ?
Three specific questions:
How many strata meetings should there be a year ? At the moment there is an AGM once a year.
We have 8 units with 8 resident owners. What is the best size for the strata committee ? Currently there is a 3 person committee. Some owners have suggested that all 8 owners be on a 8 person committee.
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@Fromthenorth said:
Is there a document or a set of principles that explains how to best run a body corporate ? Or perhaps things that a well run body corporates does ?CAV (the legal regulator) has some information on their website: https://www.consumer.vic.gov.au/housing/owners-corporations
@Fromthenorth said:
Three specific questions:How many strata meetings should there be a year ? At the moment there is an AGM once a year.
An AGM is the minimum legal requirement. It can however be up to 15 months between AGMs. Between AGMs it’s usually the committee making decisions.
We have 8 units with 8 resident owners. What is the best size for the strata committee ? Currently there is a 3 person committee. Some owners have suggested that all 8 owners be on a 8 person committee.
If there’s a committee it must have at least 3 members. IMO, for such a small scheme, 3 is about right. Larger committees have the disadvantage of being harder to organise and run. And an odd number means there will always be a decision as long as all members vote (although the chair gets a casting vote in the event of a tied vote).