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I moved from Sydney to Melbourne in April this year. I bought and now live in a unit in a 8 unit complex in Armadale Melbourne. Since I have been here I have noticed that things could be improved in terms of how the body corporate is run, including expense control and the setting of strata levies. Is there a document or a set of principles that explains how to best run a body corporate ? Or perhaps things that a well run body corporates does ?
Three specific questions:
How many strata meetings should there be a year ? At the moment there is an AGM once a year.
We have 8 units with 8 resident owners. What is the best size for the strata committee ? Currently there is a 3 person committee. Some owners have suggested that all 8 owners be on a 8 person committee.
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