A Class Strata Service

We are thrilled to announce our award finalist categories at the upcoming CHU SCA(WA) Strata Community Excellence Awards 2024.

The awards evening, scheduled for November 14th, represents more than just a celebration of individual achievements—it's a time to recognise exceeding industry standards, celebrating professionalism and fostering innovation across the entire strata sector.

We extend our warmest congratulations to all finalists and look forward to celebrating strata together.

Handy Hint: Read your scheme's by laws and ask questions!

What is a FSGM?
The First Statutory General Meeting (FSGM ) is a specific type of meeting held shortly after the initial registration of the strata plan. It is sometimes referred to as the the "first AGM." The purpose of this meeting is to address certain statutory requirements and to establish the foundation for the ongoing governance of the strata scheme.
The FSGM is a crucial meeting in the life of a strata scheme as it helps set the framework for the ongoing management and governance of the property. It ensures that necessary decisions are made, and essential structures are put in place to facilitate the smooth operation of the strata-titled development.
The FSGM covers many facets electing the strata council, insurance matters (potentially adjustments), appointment of the strata management company, handover of key documents, disclosures of scheme developer benefits, setting the expense budget, approved levy income and general matters for referral to the incoming Strata Council.

🎉 New Year, New Beginnings! 🌟 Our office doors are officially back open for 2024!

What is a reserve fund?
The reserve fund is a separate fund to accumulate funds to cover future, anticipated, or extraordinary expenses related to the maintenance, repair, renewal and replacement of common property elements or assets. The reserve fund is established to ensure that there are adequate funds available when major repairs or replacements are needed, helping to avoid financial strain on individual strata lot owners.