When you own real estate that shares common property with other real estate and the property is held under the Unit Titles Act 2010, it is highly recommended to appoint a Body Corporate Manager 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 manager, which is sometimes effective. However, this often creates problems within the Body Corporate, as decisions and actions are often seen as biased or the appointed manager does not have sufficient qualifications, experience and knowledge of the complexities.
A professional Body Corporate Manager has an unbiased perspective on any problems which may arise.
Auckland Property Managements’ Body Corporate Managers have sound knowledge of providing Body Corporate Services, Unit Titles Act 2010, the Unit Titles Regulations 2011 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.
Body Corporate Services
This Body Corporate Services section gives you an overview of what can you expect when your body corporate appoints one of Auckland Property Management’s Body Corporate Managers.
Your allocated Body Corporate Manager will ensure that your Body Corporate rules comply with the Unit Titles Act 2010 & the Unit Titles Regulations 2011.
We will organise competitive quotes for insurance policies, as well as handle any insurance claims.
We arrange registered valuations.
Your Body Corporate Manager will organise, attend, run meetings and provide minutes for the Annual General Meeting, as well as your Extraordinary Meeting if applicable.
Your manager will prepare and present your annual budgets for review and ratification.
We will raise and collect levies, as well as pursue any outstanding debts.
Receipt funds and pay suppliers and service providers.
We arrange for competitive quotations when maintenance and/or repairs are required.
Our team will maintain audited records for all financial transactions and provide full financial reports annually (or more frequently if required).
Maintain a fully audited trust account.
We will manage your contingency reserves account and your Long Term Maintenance Fund.
We will conduct regular site visits. Our hands-on approach means that our staff will become familiar with your property.
If you’d like to know more about our reduced risk approach to body corp management – get in touch today.