Welcome to South East Realty Owners Corporation

 An owners corporation is the legal entity that combines all the lot owners in a strata scheme. Owners corporations  are automatically created when a plan of subdivision contains common property. Common property may include driveways, paths, foyers, stairs, lifts, and common garden areas.  

An Owners Corporation will set out the annual fees payable at the Annual General Meetings via the budget. The budget will list such items as; Insurance, cleaning fees, gardening/landscaping fees, power and water charges etc...

Each complex is different it what it may require in its budget.

The Owners Corporation fees are set up on an annual basis via the budget. At South East Realty we charge the fees out quarterly to our lot owners instead of annually.

An Owners Corporation should manage and administer works on the common property areas and enforce, the related Rules and Regulations, and By-Laws.
Accordingly, it is the duty of the owners corporation to ensure the areas and facilities it is responsible for are maintained in a serviceable state, undertaking all relative administration tasks, including obtaining comparative quotations for repair works and / or improvement works as necessary.
Maintenance of facilities extends also to the common area chattels, fixtures and fittings, ensuring attention is given to lifts, fire escapes, and all apparatus/equipment services for which an easement exists (eg. Service meters, such as gas, electricity, water etc.).
The insurance cover placed on the building is also the responsibility of the owners corporation, Ensuring the appropriate policy is maintained; requiring both a review of the previous years cover and prompt payment of the relevant premium. 

An Owners Corporation manager is a specialist that deals in the running of an owners corporation. Many owners corporations use professional managers to assist with finances, insurance, administration, meetings and maintenance functions. Larger owners corporations usually engage paid professional managers because complex legal, technical and people skills are required to manage the property.
An owners corporation may appoint a manager to carry out any powers or functions it is able to delegate at a general meeting. The owners corporation usually delegates powers to a manager in a contract or instrument of delegation. This enables the manager to make decisions on behalf of the owners corporation.