"Although highly recommended (especially for schemes with more than 5 lots), it's not compulsory to appoint a professional strata managing agent to manage your scheme.  You CAN do it yourself.  If you do decide to do this, I recommend you purchase a copy of the DIY STRATA KIT outlined below.  I'm sure you'll find it invaluable."

A DO-IT-YOURSELF STRATA KIT, is available from O'Connors Strata & Property Specialists - a company with many, many years experience in managing strata schemes both big and small.  For a nominal charge, they will supply you with a self-contained kit which comes complete with detailed instructions or, for an additional annual fee, they will provide you with 'ongoing' assistance for the management of your scheme.

The DIY STRATA KIT provides the framework of books and records required by the Strata Schemes Management Act 1996(NSW) for you to run your strata scheme.  The explanatory letter with the DIY STRATA KIT is usually sufficient for the convening and holding of the relevant meeting(s) without the need for a strata managing agent to personally attend any meeting(s).

THE DIY STRATA KIT includes:

• Strata Roll (relevant documentation provided for individual owners, common property, insurance and by-laws)
• Suggested drafts of MINUTES of meetings to be held required by the Strata Schemes Management Act 1996.
• Relevant NOTICES and PROXY FORMS for meetings
• Draft FINANCIAL STATEMENT and BUDGET
• ACCOUNTING Records Package
• MINUTE BOOK
• COMMON SEAL
• Explanatory letter

    For Schemes 5 lots and under      One-time cost: $399.00**  (including GST)   

    For Schemes over 5 lots                    an additional $5.50 per lot (including GST)

    **The DIY STRATA KIT is suitable for new schemes only
    **The cost includes an initial consultancy session to assist you in setting up the records
     **NOTE: Land Titles Office searching fees are NOT included.

To purchase one of these kits or to discuss options for an existing scheme

call  02-9683-1811