Cassels Strata offers the following services to Property Owners.
Administration:
| Insurance management (when appointed as insurance agent) |
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| Ensuring adequate insurances are effected for the body corporate including |
| Building and common contents |
| Public liability |
| Office bearer’s liability |
| Fidelity guarantee |
| Machinery breakdown |
| Catastrophe insurance |
| Workers compensation (where required) |
| We will obtain competitive insurance quotations each year for renewal and pay the premiums for same |
| We will also lodge and follow up body corporate insurance claims |
| Facilitate quotations required for: |
| Sinking fund forecasts (insurance valuations) |
| Fire safety compliance (workplace health & safety inspections) |
| Insurance valuations |
| Implementation of by-laws and decisions of the body corporate and the committee, including issuing: |
| Notice of Continuing Contravention of By-Laws |
| Notice of Future Contravention of By-Laws |
Financial:
| Open, maintain and operate the body corporate bank account |
| Invest surplus funds in term deposits, with approval from the body corporate |
| Maintain a computerised ledger including monthly postings and bank reconciliation |
| Prepare a balance sheet |
| Prepare administrative and sinking fund statement of accounts |
| Prepare quarterly financial accounts on a cash basis to be forwarded to the Committee on a quarterly basis (if requested) |
| Issue monthly status reports to the committee |
| Prepare accrued annual financial statements for auditors and owners at the AGM |
| Prepare the annual statement of accounts to be presented to an auditor, where an audit is requested |
| Prepare draft annual administrative and sinking fund budgets for consideration at budget committee meetings, followed by presentation to the owners at the AGM |
| Issue levy and other contribution notices |
| Receipt and bank levies |
| Issue notices of overdue levies within seven days after due date for payment |
| Undertake weekly payments of all accounts as authorised by a nominated representative of the body corporate |
Secretarial:
| Convene and attend the AGM | Convene and attend Committee meetings |
| Prepare and distribute AGM notice plus and committee meeting notices | Call nominations for the body corporate committee |
| Provide boardroom facilities at our offices for meetings, if required | Maintain rolls and registers |
Within one week of Cassels Strata being appointed, Peter immediately prioritised our issues and worked through each and every one. From getting our books in order, to setting budgets, speaking with concerned tenants and having maintenance issues attended to with the help of his network of experienced trades people.
Michael Mulherin, Chairperson, Serenella Apartments