Self-Managed Corporation Hints

Is your self-managed Strata Corporation protecting your assets and lifestyle? Use this checklist to see how your Corporation rates.

Owning a unit can be a wonderful investment, but it can also come with risks to your assets and lifestyle if your self-managed Corporation is failing to carry out its responsibilities. Work through the checklist below and give your Corporation a point for each item it has covered.

The Checklist

• Is your Corporation looking after your assets by maintaining the buildings and common areas?
• Are buildings insured for their full replacement cost?
• Has your Corporation held an Annual General Meeting in the past 15 months?
• Does your Corporation have a Presiding Officer, Treasurer and Secretary?
• Do your elected officers know their duties and liabilities?
• Does your Corporation protect its officers with office bearers liability insurance cover?
• Does your Corporation have a reserve fund for major upcoming expenses, such as exterior painting?
• Does your Corporation have the Common Property Title stored in a safe place?
• Are all sheds, skylights, air conditioners and pergolas on the property approved and legal?
• Does your Corporation have an up-to-date copy of the Strata Titles Act?
• Does your Corporation resolve disputes between members?
• Does your Corporation resolve disputes with tenants?
• Are your Corporation meetings professional and pleasant?
• Does your Corporation welcome new members with information on their rights and responsibilities?
• Does your Corporation keep all members up to date and well informed?

Your Score

• 0–5: Your Corporation is at risk — it's time to speak with Acacia Collective.
• 6–9: It looks like you need some help. Reach out to us for support.
• 10–15: Your Corporation is on the right track. No immediate action required.

Why Choose Acacia Collective?

Appointing a manager is a big step for unit owners. You need a manager that has your interests at heart, is qualified, and trustworthy. To protect you, Acacia Collective provides:

• A transparent contract clearly explaining services, fees, commissions, and termination arrangements
• A money-back performance guarantee
• A three-month money-back trial for new client groups
• First month free for new client groups of 10 or more units
• A unit owner kit for all owners
• Contractors with insurance cover
• An after-hours service
• Trained managers
• Professional indemnity insurance

Questions?

If you have any questions, please get in touch — we'd love to hear from you.