IQ Apartments

We provide recommendations around the best ways to manage these issues prior to the expiry of the developer control period. This allows the developer to make informed decisions about the draft house rules in readiness for the first annual general meeting. In the ACT, once a development is registered as a Units Plan, it is necessary to put in place certain things for the establishment of the Owners Corporation and for the operation of the building in the following categories:

 Inaugural minutes and resolutions  Create UP file in Citadel Systems  Initial budget and corresponding levies  Initial financial statements  Owners Corporation Rules (previously Articles)  Bank accounts, ABN, TFN and other necessary accounts  Insurance

 Section 119 settlement certificates  Service contracts and agreements  Obtain handover documents from developer – warranties, plans, user manuals  Other general administration.

Civium Strata People will prepare the necessary documents that relate specifically to the ongoing management and operation of the Units Plan.