Your local Owners Corporation Management specialist
Helping you manage and maintain your investment
Your local Owners Corporation Management specialist
Helping you manage and maintain your investment
Helping you manage and maintain your investment
Helping you manage and maintain your investment
With over 15 years of experience in Real Estate, Paul Raicevic garners a reputation for excellence. And, as the Bellarine and Surfcoast booms, is spearheading Bellarine and Surfcoast Strata – your local Owners Corporation Management (OCM) specialists.
Based locally in Ocean Grove and delivering the highest level of professionalism, Bellarine and Surf Coast Strata streamline the management of any facility - making your life easier. With an all-local makeup and network, Paul’s team is only a phone call away.
Bellarine and Surfcoast Strata alleviate demand for experienced, professional OCM specialists within the Surf Coast, Bellarine, and Geelong region.
Paul’s team provides effective, efficient management to all parties, focusing on exemplary communication. A multifaceted approach ensuring every client receives the time and guidance they deserve - the best of the City, right here on the coast.
An owners corporation manages the common property of a residential, commercial, retail, industrial or mixed-use property development.
Owners of flats, apartments or units are usually members of an owners corporation, previously known as a ‘body corporate’. All bodies corporate became owners corporations on 31 December 2007, when the Owners Corporations Act 2006 came into force. This law sets out the duties and powers of owners corporations.
An owners corporation is automatically created when a plan of subdivision containing common property is registered with Land Use Victoria. Examples of common property may include gardens, passages, walls, pathways, driveways, lifts, foyers and fences.
The plan of subdivision shows the parcels of land that can be sold separately. These are called ‘lots’. The lot owners are the members of the owners corporation for the property.
More than one owners corporation can be created in a subdivision of land or buildings.
A person who owns property under an owners corporation automatically becomes a member of that owners corporation. As a member, that person has legal and financial responsibilities to the owners corporation.
Get a copy of the owners corporation certificate and inspect the owners corporation register. These documents contain important information about fees, allocation of lot liability and lot entitlement, and legal liabilities.
The owners corporation certificate is part of the vendor’s statement, also called a ‘section 32’, after section 32 of the Sale of Land Act 1962. The section 32 contains information which the seller must provide to the buyer advising of restrictions such as covenants and easements, outgoings such as rates and any other notices such as compulsory acquisition.
The lot owner selling the property must ensure the certificate is included in the section 32. A buyer can also purchase the certificate from the owners corporation.