The Handover Process

The Handover Process

One of the benefits to partnering with SSKB Developer Consultancy for your development is that you can ensure a smooth transition to your Community Manager/Owners Corporation Manager. Our Developer Consultants are located in the same offices are our Community Managers so you can be assured that your Development will be in safe hands once the hand over is complete.

Having our Developer Consultants in the same office as our Community Managers allows them to liaise with each other and receive prompt responses to any questions or queries allowing owners to be answered quickly and efficiently.

What Happens During the Handover Process?

We will induct your Building Manager and highlight warranties and requirements that must be adhered to for safety and compliance.

Agreements

The first step during the hand over process is to hand over all agreements to the Community Manager. This Includes:

  • Strata Management Administration Agreement
  • Strata Management BMG Administration Agreement
  • Caretaking Agreement
  • Letting Agreement
  • Store Area License
  • Any Utilities Licenses (Embedded Network, Hot Water etc.)
  • And any other agreements that are entered at the 1st EGM.

Insurance

The next step on the list is to hand over any information regarding insurance. This includes the insurance for the scheme and the insurance valuation information. We have an in-house facilities management team, Star BMS, who can provide Building Insurance Valuations. We can always be confident that the Valuation report’s provided by Star BMS are accurate and that buildings will never be underinsured.

Sinking Fund

Next on the agenda is the sinking fund forecast. We have an in-house facilities management team, Star BMS, who are able to provide sinking fund forecasts. Once again, the ability to consult with a team in-house is beneficial as developments will have accurate sinking fund projection figures.

Levies

The levies will then be discussed which will layout each levy period with dates.

Community Manager / Assistant Community Manager Actions – 1st 12 Months

From there we go over the Community Manager and Assistant Community Manager actions to be conducted in the first 12-month period.

This includes ensuring all agreements are signed, ensuring all accounts have been transferred from the developer to the Body Corporate, undertaking documents, conducting site visits, setting the 1st AGM date and changing the registered address for the Body Corporate.

Documents Handed Over

The next step is to go through all of the documents that have been transferred the Community Manager. These documents vary for each scheme.

After Handover

After handover the Strata Management team will ensure all documents are correct, a Workcover application for the scheme has been submitted once the scheme has sufficient fuds and liaising with SSKB Developer Consultants to confirm everything is correct and completed. Property developers know how critical it is to work with an experienced Strata management team from the beginning of any building project.

We work with Australia’s leading developers to bring to life many iconic and landmark projects including high-rise projects, townhouses, strata schemes, community title subdivisions, integrated resort communities and mixed-use development schemes.

To find out more about how the SSKB Developer Consultancy Team can assist you with your project, please contact our consultants today by clicking here.