On the Gold Coast, a legal entity known as a condominium association, homeowner association, or body corporate is established to see to the management of the assets of a commercial or multi-residential property.
The professional management of the body corporate by body corporate service Gold Coast helps them to effectively manage and fulfil their responsibilities to a property.
The importance of body corporate services Gold Coast include:
Record-keeping and communication responsibilities
Open communication lines are opened between property owners and body corporate services when they are regularly updated on important events and decisions. The accurate recording of property maintenance, meetings, and finances related to the complex residence provides vital information to the various owners of the shared property.
Financial responsibilities
Managing the finances of a residential complex is handled by body corporate services. They provide an important service and assistance with the collection of fees and budgetary preparations. A residential complex achieves financial stability with help from body corporate services.
Comply with Regulations and Laws
Health and safety regulations, strata laws, and building codes have to be complied with by property for it to stay relevant. Common owners of residential complexes opting to hire body corporate services ensure compliance with all relevant regulations and laws.
Serves as a platform for dispute resolution
Disputes covering factors such as parking spaces, pets, and other issues are likely to happen when people share a common property. The presence of body corporate services provide a platform for residents to air their complaints. The unbiased mediation of body corporate services ensures that conflicts are efficiently and fairly resolved.
Assist with the maintenance and upkeep of common areas
Residential complexes share common areas such as parking lots, gyms, parks, elevators, swimming pools, saunas, gardens, pathways, and many more. These common areas need regular maintenance, improvement, and repair to keep them safe and secure for all residents.
Hiring body corporate services ensures that all common areas are optimally maintained. The value of the property is boosted when maintenance, repairs, and improvements are constantly addressed.
Safe and secure living
Installing CCTV cameras in strategic spots and the presence of security personnel ensure the safety of all residents. The lock-as-you-go is the only thing residents have to do when leaving their homes. Family members especially the elderly and small children are provided the protection they deserve with the security measures given by body corporate services.
What are the various kinds of Body Corporate Services?
The various kinds of body corporate services include:
Communication
Regularly communicating with the various owners to include updates on events and meetings are some of the communication responsibilities of body corporate services.
Administration services
Administration services include financial management, fee collection, budget preparation, and accurate record-keeping of meetings.
Common area maintenance
Maintenance of common areas is seen as one of the responsibilities of body corporate services. This includes plumbing and electrical services as well.
How to Choose the Right Body Corporate Services Provider
The following factors to consider when choosing a body corporate services provider include:
Rates
The smartest way to get value for money is to compare the rates of various body corporate service providers.
Experience
A body corporate service provider with a proven track record in the strata industry is always the best choice.
Services offered
The services that the property needs determine the choice of a body corporate service provider.
Reputation
Positive feedback from former clients is the best way for a body corporate service provider to gain a good reputation.
Give us a call if you need Gold Coast’s quality body corporate services.