Commercial Strata Management & Residential Strata Management
with TM Strata
We work hand-in-hand with property owners to understand their specific needs and goals.
Specialists in Residential & Commercial Strata Management Across Melbourne
We work hand-in-hand with property owners to understand their specific needs and goals, offering expert property management for both commercial and residential properties.
Our team has extensive experience in managing residential strata and residential strata schemes, focusing on community well-being, proactive maintenance, and tailored management solutions that simplify strata living.
We provide comprehensive support for both commercial and residential strata clients, efficiently handling administrative, accounting, and maintenance needs.
Over Two Decades of Experience in Strata
TM Strata is led by senior managers with backgrounds in legal, facilities, and real estate compliance. We pride ourselves on attention to detail and practical problem-solving, not just ticking boxes.
Understanding and managing the strata plan for each strata property is essential, as it defines shared ownership, responsibilities, and rules within the development.
We currently manage strata property schemes across Melbourne’s metro area, including CBD office towers, mixed-use buildings in Fitzroy, and retail precincts in Richmond.
Our team provides comprehensive administrative support, including maintaining records, managing access, producing documents, and supporting advisors to ensure smooth organisational operations.
Real Time Support
Delivering end-to-end support for commercial strata properties. Each service pillar is handled by experienced professionals and supported by modern technology, ensuring complete transparency and peace of mind.
Financial Management for Strata Communities
Effective financial management is at the heart of successful strata management. At TM Strata, our qualified strata managers work closely with each owners corporation to ensure the financial health and long-term sustainability of your strata community. We provide comprehensive financial management services, including meticulous budgeting, transparent financial reporting, and efficient management of levy contributions. Our team develops tailored financial plans that align with the unique needs and goals of your property, always adhering to the requirements of the Strata Titles Act and industry standards. By entrusting your financial responsibilities to an experienced strata management company, property owners can be confident that all aspects of managing finances—from day-to-day transactions to annual audits—are handled with professionalism and accuracy. This allows owners to focus on their investment, knowing their strata titles are managed with integrity and expertise.
Maintenance and Repairs of Common Property
Maintaining the common property of your strata titled property is essential for preserving its value and ensuring a safe, attractive environment for all residents and tenants. TM Strata’s commercial strata management services include proactive maintenance coordination, regular building inspections, and prompt attention to maintenance issues. Our licensed strata managers collaborate with trusted contractors and suppliers to deliver efficient building maintenance, repairs, and replacements—minimizing disruptions and preventing costly future problems. We believe in a proactive approach, identifying potential issues before they escalate and ensuring your property remains well maintained at all times. With our strata management services, you can be assured that your building’s common areas are cared for to the highest standard, supporting both property value and community satisfaction.
Insurance and Risk Management Solutions
Protecting your strata community from unforeseen risks is a vital part of responsible strata management. TM Strata offers expert guidance on insurance and risk management solutions tailored to both residential and commercial strata schemes. Our experienced strata managers work with leading insurance providers to secure comprehensive coverage, including building insurance, liability insurance, and workers’ compensation. We conduct thorough risk assessments to identify potential vulnerabilities and develop strategies to mitigate them, ensuring your property and its residents are safeguarded against unexpected events. With a robust insurance and risk management plan in place, your strata community can operate with confidence, knowing that both compliance and long-term sustainability are priorities in our management approach.
Kind words from our clients
Our approach is to work in a partnership with owners who are most familiar with their property and how they want it managed. We are committed to helping our clients stay connected with their strata community through ongoing support and active engagement.
Strata Management FAQs
Please find below common questions and answers regarding strata management in Melbourne.
What is the difference between a lot and common property in a strata scheme?
In a strata scheme, a ‘lot’ refers to the individual units owned by proprietors, such as apartments or townhouses. ‘Common property’ encompasses areas shared by all lot owners, including gardens, lobbies, and recreational facilities.
What are body corporate fees, and how are they calculated?
Body corporate fees are essential contributions from property owners to maintain shared spaces and cover insurance costs. These fees are calculated yearly and depend on factors like the amenities available, building upkeep requirements, and the specific lot’s proportional share.
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What is the role of a strata management company?
A strata management company assists the owners corporation in managing common property, ensuring compliance with regulations, handling finances, and maintaining communal areas. Their responsibilities include administrative tasks, financial management, and facilitating communication among owners.
How can disputes within the owners corporation be resolved?
Disputes within an owners corporation can be addressed through formal procedures, often starting with mediation, while ensuring compliance with relevant by law requirements in dispute resolution. If unresolved, the matter may escalate to more formal dispute resolution methods, including legal action, following the procedures outlined in the Owners Corporation Act and by-laws.
What is the process for changing strata managers or body corporate managers?
If the owners corporation is dissatisfied with its current strata or body corporate manager, the process for making a change typically involves the following steps:
- Review the Contract: Check the existing management agreement for notice periods, termination clauses, and obligations.
- Consult the Owners Corporation: Discuss the decision to change managers in a general meeting, ensuring majority support.
- Give Notice: Provide the required notice to the current manager, adhering to the terms of the agreement.
- Select a New Manager: Research and interview prospective strata management companies to find the best fit.
- Hold a Vote: Officially vote to appoint the new manager during an Annual General Meeting (AGM) or Special General Meeting (SGM).
- Transition Management: Work with both managers to ensure a smooth handover of records, finances, and responsibilities.
How are decisions made within the body corporate?
Decisions within the body corporate are typically made during annual general meetings (AGMs), special general meetings (SGMs), or committee meetings. Owners participate in these meetings to discuss and vote on matters such as budgets, maintenance, and rule changes. A quorum is required for decisions to be valid, and the specific procedures are outlined in the Owners Corporation Act and the corporation’s by-laws.