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What Are The Legal Requirements For Strata Management Companies?

Strata management companies in Sydney must comply with strict legal standards, including financial transparency, record-keeping, by-law enforcement, dispute resolution, and clear communication with owners. They must also be licensed and adhere to local regulations. These legal requirements ensure responsible governance, protect property owners interests, and support a well-managed, legally compliant strata scheme. To know more visit here https://elevatedsm.com.au/our-services/strata-management/

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What Are The Legal Requirements For Strata Management Companies?

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  1. What Are The Legal Requirements For Strata Management Companies? Strata management companies in Sydney are legally needed to ensure proper governance, maintain financial transparency and communicate clearly with owners, efficiently resolve disputes to protect property and owners effectively. Here are the legal requirements for strata management companies: Comply with all relevant legislation Ensure full transparency in operations Organize and conduct owners’ meetings Efficiently resolve conflicts and disputes Fairly enforce strata by-laws consistently Keep accurate, transparent financial records Maintain regular communication with owners Manage comprehensive insurance policies properly

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