Factors To Consider When You Want To Change Strata Managers


Learn how to change strata managers effectively by considering factors such as stakeholder consultation, majority support, contractual obligations, strata management needs, and selecting a competent strata manager.

Strata managers play a crucial role in the smooth operation of shared complexes or strata buildings. However, there may come a time when the current strata manager is not meeting the needs of the owners corporation, and a change is necessary. If you’re wondering how to change strata managers, there are several factors to consider before making the switch. In this blog post, we’ll outline these factors and provide valuable insights to help you navigate this process effectively.

Start by speaking with key Owners and Committee Members

The first step in changing strata managers is to engage with key owners and committee members. As the owners corporation, it is essential to gather opinions perspectives from those who have a stake in the shared complex or strata building. Consultation with owners and committee members ensures that the decision to change strata managers is made collectively and aligns with the goals and priorities of the owners corporation.

Majority support of owners in favor of changing strata managers

Changing strata managers is a decision that should be made democratically. The majority of owners in the owners corporation must be in favor of the change. If there is an existing strata management committee, the decision to transition strata managers will typically be made by the majority of the committee members. In cases where there is no committee, the majority of owners will determine the change in strata managers.

Understand strata managers’ contracts and owners corporation legislation

Before proceeding with changing strata managers, it is crucial to thoroughly review the existing strata management contracts and owners corporation legislation. Understanding the contractual obligations outlined in the current strata management contract is essential as it may dictate the process and terms of transitioning to a new strata manager. Additionally, familiarizing yourself with the Owners Corporation Act 2006 and any relevant amendments and case law will provide clarity on the legal framework governing owners corporations and strata management in Victoria.

Properly quantify your strata management needs and requirements

Each shared complex or strata building has unique requirements and areas that need to be addressed. By properly quantifying your strata management needs and requirements, you can ensure that the new strata manager is capable of meeting those needs effectively. Consider factors such as maintenance plans, raising maintenance funds, addressing building defects, and fulfilling the demands and expectations of owners and committee members. Mapping out these needs and requirements will guide you in selecting the most suitable strata manager for your owners corporation.

Don’t appoint a strata manager that causes you the same problems

When changing strata managers, it’s important to avoid appointing a manager who will bring about the same issues and challenges you experienced with the previous manager. In Victoria, there are over 90,000 owners corporations, and the number of strata managers is vast. Take the time to research and vet potential strata managers thoroughly. Look for established companies with experience in strata management and a track record of effectively managing the finances and operations of similar buildings. By choosing a reputable and competent strata manager, you can minimize the risk of encountering the same problems in the future.

Conclusion

Changing strata managers requires careful consideration and the involvement of the owners corporation, owners, and committee members. By following the five factors outlined in this blog post, you can navigate the process effectively and find a strata manager that aligns with your owners corporation’s goals and requirements. Remember to communicate openly with stakeholders, gather majority support, understand contractual obligations and legislation, quantify your strata management needs, and prioritize selecting a capable and reputable strata manager. By doing so, you can elevate your strata management experience and ensure the smooth operation of your shared complex or strata building.

For expert guidance and assistance in changing strata managers, contact Strata Management Consultants today. They have a team of strata experts who specialize in helping owners corporations find the most suitable strata managers for their specific needs.

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