Planning & Strata Titling
- Ascertain the requirements of the future strata titled scheme, review plans and provide initial advice on titling and structure.
- Initial planning meeting with key parties, including the Developer, Planner, Design Team, Surveyor, Solicitor (etc) to discuss the project, confirm timeframes and coordinate tasks.
- Provide tailored advice on legislative requirements for establishing a strata titled scheme and documentation required.
- Maintain contact throughout the planning and construction phase, ensuring project deliverables are met within timeframes.
Strata Scheme Establishment
- Review draft CMS with Solicitor and provide advice on by-laws, lot entitlement schedules and use of shared facilities.
- Review Caretaking and Letting agreements, plus other service contracts if applicable and provide advice and recommendations.
- Advise on insurance requirements under the Act and other legislative requirements and recommended reports.
- Prepare the administration and sinking/capital works fund initial budget, advise on sinking fund forecast report requirements and calculate levy instalments based on lot entitlements.
Handover & Management
- Prepare meeting documents for First General Meeting after establishment of the strata titled scheme, once more than 50% of lots have sold.
- Assist Developer with sales disclosure statement requirements and documentation required for settlement of lots.
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Coordinate a handover between the Developer and appointed Strata Management company, if applicable, ensuring all required documents are handed over and there is a smooth transition to ongoing management of the scheme.
Strata Development Consulting
As a developer, your first point of contact for advice and guidance on setting up a Body Corporate or Owners Corporation should be a qualified Strata Consultant. With expertise in community titles and legislative requirements, our team can guide you from the initial planning stages through to the creation of a streamlined, well-managed community that meets all regulatory obligations and minimises unexpected costs.
Once the optimum arrangement and titling structure for your development has been established, we work with the key parties in your team to ensure all project deliverables are met efficiently.
Here is a brief overview of the consulting services offered by TCM Strata:
In addition to the services noted above, we can work alongside your appointed Solicitor and assist with the preparation of key documents, providing advice and assistance to ensure they are tailored to meet the needs of your development. Such documents include:
- Statement of future development
- Building management statements
- Community management statements and by-laws
- Allocation of exclusive use areas
- Onsite management agreements
- Deeds, easements and covenants
- Waste disposal arrangements
- Community facility layouts
- Body corporate assets (i.e. gym equipment, furniture, chattels)
- Budget for the principal and each subsidiary body corporate
- Statement of contributions showing the body corporate financial requirements for each lot
- Body corporate administration agreement
- Interest schedule lot entitlement
- Contribution schedule lot entitlement
- Defects schedule
- Work health and safety, insurance valuations, sinking fund and other compliance reports
Contact our Strata Consulting team today to discuss your development needs and ensure your project’s success.
