Help Centre

What is a strata scheme?

A strata scheme is a type of property ownership where you own your individual unit (like an apartment or townhouse) and also share ownership of common areas (like gardens, hallways, driveways). It’s a bit like owning your home and being part of a mini-community that takes care of shared spaces together.

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What does “self-managing” a strata scheme mean?

Self-managing means your owners (often the committee) take care of the day-to-day management of your building or complex instead of hiring a professional strata manager. It gives you more control, can save money, and helps you stay more connected with how things are run.

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Is self-management hard?

With Loma Strata, it's never been easier! ;)

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You will need some volunteers to put their hand up in order to 'push things along.' But the value you get from self managing far exceeds the energy input. And it gets much easier after you've done the first year.

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Loma Strata is the central platform you need for for communication, record-keeping, finances, and staying on top of legal requirements. Even if you have no experience, you will surprise yourself how quickly everything will start to make sense to you and your community.

Ok, so we are going to self-manage, what do we need to do?

It feels like a big leap, but it’s totally doable – especially with the right support. Here’s your step-by-step guide. Note that each state is slightly different, but the general process of voting as a community to self-manage is the same.

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1. Check your current contract
‍If you are currently using a strata manager, ask for a signed copy of your current management contract. If they can’t provide a signed version, you’re likely not bound to a termination process.

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No signed contract = no formal agreement = you’re free to move on.
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2. Call an Extraordinary General Meeting (EGM)

To formally make the switch, you’ll need to vote as a community at a meeting. On the meeting agenda, include a motion to:

• End the current strata management contract
• Begin self-managing with Loma Strata

Read more about meetings and how to run them in our detailed guide.

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If you don’t have contact details for other owners, request them from your current manager. They’re required to provide them, unfortunately you may need to push them to provide the details you are entitled to.

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NOTE. You can also wait until the next Annual General Meeting to add this to the agenda, if you cannot wait for the next Annual General Meeting, then you will need to call an Extraordinary General Meeting and inform all the owners to attend.

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3. Vote as a community to self-manage
Hold your meeting and make sure you have a quorum. A quorom is the minimum number of members of the community that must be present at any of its meetings to make the proceedings of that meeting valid.

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In most states that is 50% of the total vote. But again, check your local state legislation, which can be found under other helpful resources.

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Once you’ve got quorum, you can vote to:

• Remove the current manager
• Transition to self-management

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