The owners corporation makes decisions and manages the overall scheme. It may be self-managed or appoint a strata manager to assist. Even if an owners corporation appoints a strata manager it remains primarily responsible for the:
– finances
– insurance
– record keeping and executing documents
– repairing and maintaining common property
– by-laws
– strata meetings
– hiring a strata manager
– hiring a building manager
– following all laws about planning, building, safety, and workers.
There are laws and processes to follow for each of these jobs.
Owners Corporations applies and operates through democratic systems where the majority prevail.
Part of the democratic process is for the owners corporation to appoint a Strata Committee to make decisions and assist carrying out the work referred to above. The Strata Committee works closely with and assists an appointed strata manager.