Is having a strata manager mandatory?
No. Engaging a strata manager is optional in every state. A small scheme can self-manage if the owners are willing and able to take on the administrative work and legal responsibilities themselves.
However, most schemes over about 6 lots find professional management is far cheaper and safer than self-managing once you factor in insurance broking, trust accounting, compliance reporting and meeting administration. Larger schemes (50+ lots) are almost always professionally managed.
If you do self-manage, the owners corporation still has the same legal obligations — including holding required insurances, lodging tax returns and running compliant meetings.
Want to run your scheme on Stratapages? Book a demo.
From category: strata-basics
