Why Do You Need To Acquire Body Corporate Services?
Several levels of body corporate management need precise and meticulous administration. For this purpose, there are law firms that provide management solutions of all kinds. To have a professional and effective administrative setup available within companies, there are corporate lawyers available. These lawyers provide all types of management solutions for client associations and commercial setups. This is what body corporate services include.
Here are some of the body corporate services that are essential for corporate bodies:
Dispute and Conflict Resolution
In disputes before the Commissioner's Office, Body Corporate and Community Management or the Commercial and Consumer Tribunal, body corporate services are able to provide expert information, advice and, if necessary advocacy too. As well, the firms providing these services have the ability to provide in-house dispute resolution services, including "early intervention strategies" in case disputes arise.
Management Right Transfers
When a body corporate is requested for transfer approval of its management rights, most committee's need to engage lawyers, in addition to a corporate manager, to advise it accordingly. As well as being your appointed body corporate lawyer, as legal professionals, body corporate services in Australia can offer you assistance in all aspects of a management rights transfer, and providing a more streamlined and cost effective approach for all involved.
Strategy and Advice
Assuming a conflict of interest does not exist with a body corporate by which a body corporate firm is engaged, these services accept instructions from individuals owners for a range of services which an owner might require. For instance, information, advice and, and if necessary, advocacy services to owners where a potential dispute might arise with your body corporate, or another owner. Furthermore, on your instruction, these services can search body corporate records on your behalf and report to you on any issue. With their vast experience in matters of dispute, they are ideally placed to advise owners on the most appropriate strategy for dealing with any situation which may arise.
Owners in body corporate schemes may question the need for a professional body corporate lawyer to look after their complicated issues.
‘Why not manage it yourself?' A lot of owners always ask. While this may sound like a good idea to some, there are many reasons why it is a better idea to choose a body corporate service. A good body corporate service will:
• Ensure that all statutory/legislative requirements are in its place.
• Carry out the day-to-day tasks of the body corporate including:
1. Preparing and attending meetings
2. Issuing and collecting levies
3. Paying invoices and accounts
4. Attending to any correspondence of the body corporate
• Ensure that the body corporate records are up-to-date with legislative requirements, and also allow for the records to be readily available to lot owners when required
• Prepare financial statements and other reports
• Manage term deposits
• Deal with levy recovery
• Assist with receiving quotations for works, and for arranging scheduled maintenance of the scheme
• Able to provide a fixed fee pricing structure so you know exactly what you are paying each year
For a small investment per lot per year, your body corporate has peace of mind. By choosing a good body corporate service, lot owners can be comfortable knowing that their investment is in safe hands.
Here are some of the body corporate services that are essential for corporate bodies:
Dispute and Conflict Resolution
In disputes before the Commissioner's Office, Body Corporate and Community Management or the Commercial and Consumer Tribunal, body corporate services are able to provide expert information, advice and, if necessary advocacy too. As well, the firms providing these services have the ability to provide in-house dispute resolution services, including "early intervention strategies" in case disputes arise.
Management Right Transfers
When a body corporate is requested for transfer approval of its management rights, most committee's need to engage lawyers, in addition to a corporate manager, to advise it accordingly. As well as being your appointed body corporate lawyer, as legal professionals, body corporate services in Australia can offer you assistance in all aspects of a management rights transfer, and providing a more streamlined and cost effective approach for all involved.
Strategy and Advice
Assuming a conflict of interest does not exist with a body corporate by which a body corporate firm is engaged, these services accept instructions from individuals owners for a range of services which an owner might require. For instance, information, advice and, and if necessary, advocacy services to owners where a potential dispute might arise with your body corporate, or another owner. Furthermore, on your instruction, these services can search body corporate records on your behalf and report to you on any issue. With their vast experience in matters of dispute, they are ideally placed to advise owners on the most appropriate strategy for dealing with any situation which may arise.
Owners in body corporate schemes may question the need for a professional body corporate lawyer to look after their complicated issues.
‘Why not manage it yourself?' A lot of owners always ask. While this may sound like a good idea to some, there are many reasons why it is a better idea to choose a body corporate service. A good body corporate service will:
• Ensure that all statutory/legislative requirements are in its place.
• Carry out the day-to-day tasks of the body corporate including:
1. Preparing and attending meetings
2. Issuing and collecting levies
3. Paying invoices and accounts
4. Attending to any correspondence of the body corporate
• Ensure that the body corporate records are up-to-date with legislative requirements, and also allow for the records to be readily available to lot owners when required
• Prepare financial statements and other reports
• Manage term deposits
• Deal with levy recovery
• Assist with receiving quotations for works, and for arranging scheduled maintenance of the scheme
• Able to provide a fixed fee pricing structure so you know exactly what you are paying each year
For a small investment per lot per year, your body corporate has peace of mind. By choosing a good body corporate service, lot owners can be comfortable knowing that their investment is in safe hands.
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