Why appoint a professional body corporate secretary?
When you own real estate that shares common property with other real estate and the property is held under the Unit Titles Act 1972, it, is necessary by law to appoint a Body Corporate Secretary whose purpose it is to look after the common areas on behalf of all the owners.
Occasionally a Body Corporate will appoint one of its members (an owner) as the secretary, which is sometimes effective. However, more often than not, this creates problems within the Body Corporate, as decisions and actions are often seen as biased or the appointed secretary does not have sufficient qualifications, experience and knowledge of the complexities. This can be a stressful role and can lead to a loss of life style enjoyment.
A professional Body Corporate Secretary has an unbiased perspective on any problems arising.
Auckland Property Management’s Body Corporate Administrators have sound knowledge and experience of the Unit Titles Act and other legislation such as the Building Act. Body Corporate matters, such as arbitration can be complex; APM provide personnel that are experienced in these areas. So, what can you expect when your body corporate appoints APM?
Rules - We will ensure your body corporate rules comply with the Unit Titles Act 1972.
Insurance - Organise competitive quotations for insurance policies and handle your insurance claims.
Valuations - Arrange for annual registered valuations.
Meetings - Organise and run your Annual General Meeting and/or Extra-ordinary General Meeting
Budgets - Prepare and present your annual budgets for ratification.
Levies - Collect levies and any outstanding debts.
Debtors and Creditors - Receipt funds and pay suppliers and service providers.
Quotes and Estimates - Arrange for competitive quotations for maintenance and repairs.
Financials - Maintain audited records of all financial transactions.
Trust Account - Maintain a fully audited trust account.
Sinking Fund - Manage your contingency reserves account (sinking fund).
Trade Discounts - Benefit from our established trade services discounts.
Site Visits - Conduct regular site visits - our hands on approach means our staff are very familiar with your property.