Thinking about changing your strata manager, body corporate, or owners corporation manager? It’s an important decision. When done properly, it can also be the best move for the good of your strata scheme. But, whether you’re experiencing issues with your current manager or simply looking for better service, it’s important to know what to consider before making a change.
Here are some key points to keep in mind when changing your strata manager, body corporate, or owners corporation:
1. Know the Law
It’s important to understand the laws and regulations governing strata schemes in Victoria. This includes the Strata Schemes Management Act 1996, the Owners Corporations Act 2006, and the Body Corporate and Community Management Act 1997. Knowing the laws and regulations will help you make informed decisions about your strata scheme and ensure that your new manager is able to provide the guidance and support you need.
2. Research Your OC Options
There are many strata managers, body corporates, and owners corporations to choose from in Victoria, so it’s important to do your research. Look for a company or individual with a good reputation, a proven track record of success, and a focus on delivering excellent customer service. Consider your specific needs and priorities when making your decision.
3. Assess the Cost
It’s important to consider the cost of changing your strata manager, body corporate, or owners corporation before making a decision, especially given costs can vary among OC managers. Be sure to ask about any hidden fees or extra costs in the process, and ensure you understand what you’re paying for and what services are included in the overall cost.
4. Review the Contract
Before signing a contract with your new strata manager, body corporate, or owners corporation, make sure you understand the terms and conditions. This includes the length of the contract, any penalties for breaking the contract, and what happens if the manager is unable to continue providing services. Make sure you’re comfortable with the terms of the contract before signing.
5. Plan for the Transition
Changing your strata manager, body corporate, or owners corporation can be a complex process, so it’s important to prepare for the transition. This may include transferring financial records, changing contact information, and updating contracts. Your new manager should be able to help guide you through the transition process and ensure that everything goes smoothly.
Changing your strata manager, body corporate, or owners corporation in Victoria is an important decision that shouldn’t be taken lightly. But, if you’re experiencing issues with your current manager or simply looking for better service, it can be a worthwhile move. Just be sure to know the law, research your options, assess the cost, review the contract, and plan for the transition before making a change. If you keep these key considerations in mind, you can make an informed decision and ensure that your strata scheme is managed effectively and efficiently.