Hi Guys,
Recently i completed 3 townhouses on one land, and im nearly done with another duplex, im in process of organizing strata approval from council, still not registered with lands title office.
My question is how to self manage strata? someone told me that i can only pay insurance and make a agreement with the buyers that everyone looks after their own property and yard and that way there is no strata fees?
Do i need to start my own self-managed strata company in order to do this legally? Do i need to organise this before i submit papers to lands title office??
The only reason why im doing is i kept one property at each address and would like to avoid strata fees, considering im a builder and legally if anything goes wrong i need to fix it anyway, i doubt anything will.
Hope someone has done this before and can help out
Recently i completed 3 townhouses on one land, and im nearly done with another duplex, im in process of organizing strata approval from council, still not registered with lands title office.
My question is how to self manage strata? someone told me that i can only pay insurance and make a agreement with the buyers that everyone looks after their own property and yard and that way there is no strata fees?
Do i need to start my own self-managed strata company in order to do this legally? Do i need to organise this before i submit papers to lands title office??
The only reason why im doing is i kept one property at each address and would like to avoid strata fees, considering im a builder and legally if anything goes wrong i need to fix it anyway, i doubt anything will.
Hope someone has done this before and can help out