At Professionals Strata Team, we offer a comprehensive consultancy service that partners with developers to create efficient, compliant, and market-ready strata schemes from the ground up. Our strategic approach ensures that each development project not only meets legal requirements but also maximizes operational efficiency and financial sustainability from the outset.
Our involvement begins early in the development process, where we work alongside developers to establish a solid foundation for the strata scheme. We understand that every development is unique, which is why we tailor our services to reflect the specific vision of each project. Whether the development is a residential, mixed-use, or commercial building, our team provides expert advice on the structuring of the strata scheme, including lot entitlement distribution, which is critical for ensuring fairness and clarity for future owners.
We also support the creation of bylaws that are customized to meet the specific needs of the development. These bylaws are essential for governing the ongoing operations of the building and promoting harmonious living among residents. By considering both the legal and practical aspects of bylaw creation, we ensure that the community dynamics are well-managed and that any potential issues can be effectively addressed.
Our experienced team reviews the building design through a strata management lens, identifying opportunities to enhance operational efficiency, long-term maintenance ease, and community functionality. This proactive approach helps developers avoid costly issues down the road and ensures that the building is designed for seamless management. For example, we assist in identifying areas that will require regular maintenance, ensuring that designs incorporate space for waste management, storage, and communal areas, which are essential for the day-to-day functioning of the development.
In addition to design and bylaw expertise, we provide detailed budget forecasts for levies and capital works. We work with developers to prepare these forecasts based on realistic projections, considering both the immediate and long-term financial needs of the building. This careful financial planning helps establish financial sustainability from day one, ensuring that owners are informed about the financial commitments they will undertake and that the Owners Corporation can effectively manage future costs.
Our services extend to the practical and legal setup of the strata scheme. We handle the establishment of trust accounts, which are crucial for managing funds for the Owners Corporation and ensuring proper financial governance. We also assist in coordinating insurance placement, ensuring that the building is adequately insured against risks and that the policy meets the legal requirements of NSW strata legislation. Additionally, we prepare all necessary statutory documents, including meeting notices, agendas, and minutes, to ensure compliance with the Strata Schemes Management Act 2015 and other relevant legislation.
One of the most important aspects of our service is preparing for the first Annual General Meeting (AGM). This meeting is crucial for setting the tone for the ongoing management of the strata scheme. We ensure that developers are well-prepared for the transition from construction to occupation, and that the new owners understand their rights and responsibilities within the Owners Corporation. Our team supports developers in facilitating a smooth handover process, making sure that everything is in place for the new owners to take control with confidence.
By partnering with Professionals Strata Team, developers can be assured that their project will meet NSW strata legislation requirements, attract informed and engaged buyers, and transition seamlessly to a professionally managed Owners Corporation post-completion. Our expertise in strata management ensures that the development process is smooth, efficient, and legally compliant, providing peace of mind for developers and future residents alike.