On the Gold Coast, an established legal entity of any condominium or homeowner association is known as a body corporate. Body Corporate Services Gold Coast is there to manage and maintain the common assets of multi-unit commercial or residential properties.
Professional management companies provide body corporate services Gold Coast assistance to enable them to fulfill their responsibilities. This makes a way for effective property management.
Importance of Body Corporate Services
Community living assets are protected and kept in tip-top form with an effective body of corporate services in place. The important role body corporate services in fulfilling their responsibilities include:
Ensure the proper management of a property
Residents of a common property are ensured comfortable living with proper management of common areas and utilities. A fully functional property operating at its peak is the only way to ensure comfortable living conditions. Serious consequences are often the result of improper property management.
Body corporate services are responsible for ensuring that residents of a common property live comfortably and safely at all times.
Financial Managers
Property assets increase their value when properly maintained. It is the sole responsibility of body corporate services to maintain the upkeep of a property’s repairs, insurance, building, maintenance, and payments of utility bills.
An administrative and a sinking fund developed by an owners’ corporation enables them to meet the expenses and costs of property maintenance. Owners of the common property are required to meet the levies without the hassle of late payments.
Building or property repairs, maintenance, and projects can become delayed with delayed levy payments. Serious consequences are often the result of late levy payments.
With this, one of the important roles of a body corporate is to ensure that levies are collected on time as well as provide the correct accounting for expenses incurred.
Building and Safety Management
The Gold Coast has numerous regulations and laws that need to be complied with regardless of property size. Lift and fire certifications are some of the regulations included in property law.
Complying with the state’s property laws and regulations is one of the responsibilities of a body corporate. Complying with the laws and regulations means that a body corporate ensures regular checks and evaluations of the common property areas including services and amenities.
Managing the community
Peace and order should be maintained in a community living close together. Following the by-laws of the body corporate is the smartest way to ensure peaceful living among the members of the community.
The by-laws created by the body corporate are also there to maintain peace as well as protect the safety of residents when using common amenities and areas. The by-laws provided by a body corporate are either structured on their own or follow the standards set by the state government.
Enhance harmony among all residents
It is the responsibility of professional body corporate services on the Gold Coast to enhance harmony among the residents of the community. It can be achieved by:
- Organise social events as a way to get feedback from the various residents
- Clear and concise communication of the rules of the property. The enforcement of the rules is the best way to enhance harmony among the residents.
- Act as mediators in disputes between property owners. The most common issues usually involve improper parking and pets.
- Effective management of the common property
