Strata Management2016-12-27T18:38:34+00:00

STRATA MANAGEMENT

 

MAINTENANCE – We manage maintenance requirements of your property. Approval is obtained before proceeding with expenditures over the pre-determined expenditure limit.

24-HOUR MAINTENANCE EMERGENCY SERVICE – We maintain a 24-hour maintenance emergency telephone number, for use by all residents.  We promptly attend to all maintenance emergencies, so as to lessen further damages and/or inconvenience to residents, while screening to ensure that only emergencies are handled after hours.

TRADE SUPERVISION – We monitor the quality and successful completion of repairs and projects performed on your property.

DEPRECIATION REPORT – We will assist with the preparation and administration of a Depreciation Report approved for implementation at your property.

INSURANCE – We provide insurance Program, which includes the highest of industry standard coverages available, with very competitive rates.  We also provide advice with respect to the use of, and administration of your insurance policy.

COUNCIL MEETINGS – Strata Council meetings to report on general and specific common property issues, provide advice, input and recommendations with respect to the affairs of your property, interpretation of the Strata Property Act and Bylaws, prepare and distribute minutes of the meeting, and report on correspondence received and issued.

ANNUAL / SPECIAL GENERAL MEETINGS – We prepare and distribute meeting notices to your Owners in accordance with the Strata Property Act.  Our Property Manager attend and chair meetings, and ensure they are conducted in accordance with the requirements of the Act.   We prepare and distribute minutes of your meetings.

SITE INSPECTIONS – Our Property Managers perform regular site inspections of your property; this includes monitoring work in progress, ensuring completed projects are to standard, and monitoring the performance of on-site staff and contractors.

 

FINANCIAL STATEMENTS – Our dedicated in-house Accounting department produces monthly financial statements recording an accurate accounting of all revenue and expenses.  You will receive a detailed financial statement of each month, including bank statements and reconciliations, general ledger, invoice and cheque copies.

ANNUAL BUDGET – We prepare your operating budget for your property, including year-end figures and/or projections. The proposed budget is explained in detail, and following Council approval, presented to your Owners at the Annual General Meeting.

STRATA FEE COLLECTIONS – We attend to the regular collection of strata fees and aggressively pursue arrears using proven methods, ensuring maximum cash flow to your property.

SPECIAL ASSESSMENTS – We attend to the administration and collection of approved special assessments and aggressively pursue arrears using proven methods, ensuring maximum cash flow to your property.

PAYROLL ADMINISTRATION We provide comprehensive payroll services for site staff, where required, ensuring all employment requirements and remittances are met and properly administered on your behalf.

PAYMENT OPTIONS – For the convenience of our clients, we offer the use of pre-authorized bank debit, online banking, and post-dated cheques, for the payment of strata fees and/or special assessments, as well as rent payments.

TRADE/UTILITY PAYMENTS – We maintain strong relationships with our trades by ensuring that all approved invoices are paid promptly. Utilities are paid online and on time.  Repairs and maintenance are inspected/verified prior to payment.

BANK ACCOUNT MANAGEMENT – Separate trust accounts are maintained for your property (Contingency Reserve Fund, Operating Account, Special Assessment (if necessary)), administered in accordance with the requirements of the Real Estate Services Act.

.CONTINGENCY FUNDS – We provide information with respect to the investment of Contingency Funds in secure, liquid investment instruments, to maximize return on these funds, while ensuring regulatory compliance.

BYLAW ADMINISTRATION – Bylaws are reviewed by our Property Managers to ensure their adequacy and clarity.  We will attend to Bylaw infractions as directed by Strata Council.

MEETING MINUTES – We prepare concise, well written minutes of all regular Council, Annual or Special General Meetings, and ensure their timely distribution.

CONTRACTS – All contracts needed in the operation of your property will be negotiated and finalized on your behalf.  We ensure that your property’s interests are protected within all contracts.

OWNERS’ / TENANTS LIST – We maintain a dedicated database of all pertinent information regarding your Owners and Tenants, maintained in accordance with Privacy requirements.

PARKING/LOCKERS – We maintain a dedicated database of all pertinent parking and locker assignment information regarding your property.

FORM “K” – NOTICE OF TENANT’S UNDERTAKING – We ensure Form “K” – Notice of Tenant’s Undertaking documents are on file for all tenants residing within your Strata Corporation.

FORMS/DOCUMENT REQUESTS – We issue applicable documents and forms as requested by owners, realtors, and lawyers for property sales, re-mortgaging, and title transfers within your property.

3/4 VOTE RESOLUTION – We provide guidance to your Strata Council about the use and requirement of 3/4 Vote Resolutions.

LET’S WORK TOGETHER

We work as a single united team and give our clients the highest quality service possible.

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