The Risks of a Low Sinking Fund
The Risks of a Low Sinking Fund One of the first questions buyers ask when purchasing a unit in a strata titled community is: “How much is in the sinking fund?” It’s a fair question—but focusing only on the balance can be misleading. The more important question is: “How much should be in the sinking […]
Committee Decision Making – Who Decides What?
A common question from lot owners and committee members is: “Who actually has the authority to make decisions in a strata community?” The answer? It depends on what type of decision is being made. In Queensland, decision-making is governed by the Body Corporate and Community Management Act 1997, while in New South Wales it falls under the Strata Schemes […]
How to Communicate Effectively With Your Strata Manager
Tired of waiting on email replies or updates from your Strata Manager? The key is how you communicate. Clear, respectful, and well-structured communication = quicker, smoother outcomes for everyone. Check out our guide on How to Communicate Effectively With Your Strata Manager – Guaranteed to deliver more efficient results! 1. Before Emailing – Check […]
What Are Pre-Issued Levies?
What Are Pre-Issued Levies? Strata owners and committee members must understand how their community’s finances work. Pre-issued levies are a topic that often prompts questions; but what exactly are they? These levies are critical in maintaining your schemes financial stability during the transitional period between financial year-end and your next Annual General Meeting (AGM). For […]
Strata Lot Improvements and Renovations – NSW Edition
Are you thinking about renovating your unit, or embarking on some improvements? Strata unit owners in New South Wales should read this first! We have tailored our Guide to Strata Lot Improvements and Renovations specifically to NSW unit owners. It provides a comprehensive guide to the renovation process and checklist for approval, to ensure you […]
New Rental Laws in NSW – Everything You Need to Know
New Rental Laws in NSW – Everything You Need to Know On 24th October 2024, the NSW Parliament approved changes to the Residential Tenancies Amendment Bill 2024. In turn, the legislation is now known as the Residential Tenancies Amendment Act 2024. These key changes to the Act and associated Regulations were made in an effort […]
Understanding Strata Terminology – NSW Edition
Navigating the world of strata management can be overwhelming, especially when confronted with industry-specific jargon. Check out our user friendly guide to understanding strata terminology – NSW edition.
A Step by Step Guide to Enforcing Body Corporate By-Laws
At TCM Strata, we believe that respect, cooperation, and clear communication form the foundation of a well-run community. We actively support bodies corporate to enforce by-laws fairly—whether addressing noise concerns, managing pets, or resolving parking issues. By following a structured enforcement process, we help protect everyone’s rights and preserve the sense of pride people feel […]
Home Safety & Security Measures
Home Safety & Security Measures Check out TCM Strata’s top home safety & security measures, created to help protect your home from opportunistic thieves. From dowels to deadlocks, there are plenty of budget friendly ways to safeguard your property. Your home is your sanctuary; so be vigilant and consider these suggestions to ensure it remains […]
Committee Challenges – And How to Overcome Them
Committee Challenges – And How to Overcome Them As high-density living becomes more prevalent across Australia, strata properties play an increasingly important role in the housing market. Strata committees are responsible for the efficient management of these properties, ensuring smooth operations, financial stability, and effective communication among owners. A well-functioning strata committee is essential for […]
Everything You Need To Know About Being a Committee Member
Everything You Need To Know About Being a Committee Member The Role of a Strata Committee Serving on a strata committee is an essential role that contributes to the smooth management and future value of a property. While it’s a voluntary position, it requires dedication, collaboration, and a focus on ensuring the property runs efficiently for […]
Understanding Strata Terminology – QLD Edition
Navigating the world of strata management can be overwhelming, especially when confronted with industry-specific jargon. Check out our user friendly guide to understanding strata terminology – QLD edition.