Property Developer Services
Platinum observes that through experience, most strata governance-related pitfalls can be traced back to the setting up stage of the Owners Corporation by the initial development/strata management team.
The reality is that if such issuers are not pre-empted right at the pre-construction stages of the project through to developing strategies to build their image long after the completion, there is no chance of being able to empower developers to fulfil their legal requirements in drafting budgets, common area design, planning maintenance plans, preparing complex levy schedules, drafting/preparation of rules, contracts management and with the preparation of Owner Corporations Certificates etc., when establishing an Owners Corporation by observing best industry guidelines.
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- New strata-titled developments require the establishment of insurance, accounts, forecasts, and financials.
- It also means understanding the process of registering the body corporate and obtaining titles and certificates in addition to resolving construction issues and legal compliance such as essential services.
- There are legal requirements when establishing a body corporate in a new development or subdividing an existing building. The process and paperwork require due diligence and an experienced and certified strata manager.
- Platinum Strata managers will assist you in the process of subdivision, setting up the body corporate, and an inaugural meeting.
- Our services include the establishment of by-laws, preparing and running the inaugural general meeting, site inspection and recommendations, insurance, initial maintenance contracts, document preparation and assistance with any queries you may have.
- Platinum Strata advises developers to seek a body corporate manager from the very early stages of construction. Appointing a strata manager early on will mean a strata manager can advise you of any issues and guide the establishment of a body corporate during the stages of development.
- This will reduce the risks and body corporate costs for the developer and provide free professional advice.