The Fundamental Roles for your Strata Council to be Successful
A strata community needs a dedicated Council of Directors who understand their roles and responsibilities and are committed to fair representation of the residents they have been elected to serve. The volunteer Council of Directors must approach the operation of their strata corporation as a business.
It is their responsibility to protect the investment and interests of all the owners. This includes maintaining the common property, managing the finances and creating policies that promote harmony between people living in a multi-family environment – perhaps for the first time. To make this happen, the Council must meet regularly to set goals, interpret and administer the bylaws and make decisions on behalf of their community.
Effective strata Councils are those whose members are respectful of each other and work together with a spirit of cooperation with all Owners.
The Strata Council Member’s Standard of Care
In exercising the powers and performing the duties of the strata corporation, each council member must act honestly and in good faith with a view to the best interests of the strata corporation, and exercise the care, diligence and skill of a reasonably prudent person in comparable circumstances.