Owners Corporation

Owners Corporation Management is an extremely specialised field requiring a thorough understanding and application of legal, accounting, insurance and building disciplines as well as the skills of organisation and people management.

LR Reed offers outstanding professional management by bringing together a wealth of experience in all facets of Owners Corporation Management under the one roof.

Our comprehensive service and attention to administrative details Include:

1. Convening and chairing general meetings as required.
2. Providing a central and accessible venue for such meetings.
3. Compiling and publishing minutes of meetings and forwarding them to all owners thereby acting as secretary to the Owners Corporation.
4. Taking all necessary action from inception through to satisfactory completion to implement all resolutions of meetings.
5. Arranging for election of office bearers etc, and the conduct of ballots.
6. Obtaining all necessary insurance and handling all Owners Corporation insurance claims.
7. Handling the finances of the Owners Corporation, including the issuing of accounts for members contributions and levies, receiving money and maintaining bank accounts.
8. Preparation of the administration fund budgets for each financial year as well as preparation of the annual statement of income/expenditure and balance sheet.
9. Issuing of legal documents required by the Subdivision Act such as Owners Corporation Certificate plus advising on compliance with legislation.
10. Validation and prompt payment of invoices from contractors and trades people.

Good Management

Good management also means Going Beyond Simply Performing "administrative" functions and includes:

1. Communicating with the committee about works in hand as well as the queries or concerns of each committee member.
2. Giving prompt attention to Owners, Residents, Estate Agents, Solicitors and Local Councils.
3. Obtaining competitive quotes on which to base all Owners Corporation expenditure decisions.
4. Monitoring funds including pursuing monies owed and being aware of the current financial status of funds at any given time.
5. Providing experience and knowledge of all types of repairs, maintenance, and modern technology to owners and the committee.
6. Conducting frequent property inspections and as necessary, instructing reasonable, trustworthy and skilled tradesmen and contractors.

Further Benefits

LR Reed will ensure continuity of the administration of the Owners Corporation regardless of the number and frequency of the sale of lots in the subdivision, or the change of residents.

We have a professional and legal obligation to perform all of our functions satisfactorily and have the requisite insurance in place to protect the Owners Corporation and therefore all of its members.

*Most importantly we provide professional service to a Owners Corporation with the aim of protecting each owners investment in the whole property and providing a mutually agreeable environment for the residents.