However, the landscape is changing, and the need for specialised management practices tailored to commercial strata is more apparent than ever. As legislation evolves, risks escalate, and expectations from commercial tenants change, strata management services must adapt.
At Realmark Strata, we recognise these nuances and have tailored our offerings to provide the essential guidance Strata Companies need to manage risk and navigate challenges effectively.
We leverage our team of experts, each specialising in different disciplines, to deliver a collaborative, informative, and essential approach that enables Strata Companies to navigate an ever-changing landscape.
Changes to WHS Legislation & Obligations as a PBCU
It is crucial for Strata Companies to understand their responsibilities as a Person Conducting a Business or Undertaking (PCBU). Failure to comply can result in penalties.
Asbestos reports and safe work practices
With older buildings the requirement for Asbestos Reports and stringent safe work practices cannot be overstated. Non-compliance can lead to health hazards and subsequent legal ramifications.
Post-COVID expectations
The COVID-19 pandemic has reshaped the expectations and demands from commercial tenants. Remote working policies and health & safety measures have affected the utilisation of commercial spaces, making adaptive strategies necessary.
Facility availability on common property
Increased expectations about facility availability on common property, such as meeting rooms, gyms, and lounges, have put additional pressures on Strata Companies to manage these spaces efficiently.
Strata Titles legislation
Recent amendments to the Strata Titles Act necessitate a more complex administrative and legal framework, which Strata Companies must understand and adhere to.
Insurability and risk profiles
The complexity and diversity of commercial properties can present varying levels of risk, affecting insurability. Strata Companies must understand what factors can influence insurance premiums.
Taxation and revenue streams
Strata Companies also have to consider taxation obligations and identify potential revenue streams from common areas to ensure financial viability.
At Realmark Strata, we don’t adopt a one-size-fits-all approach. We understand that commercial strata management needs to be as diverse and dynamic as the properties they oversee.
Our team of specialists collaborate across different disciplines to offer a well-rounded, informed, and effective approach to strata management.
To contact Realmark Strata, call 9328 0909.