An owners corporation committee, also known as a strata committee or executive committee, is a group of owners or representatives elected by the members of the owners corporation at an Annual General Meeting to manage the day-to-day affairs and make decisions on their behalf. The committee serves as a liaison between the owners and the owners corporation.
The committee is responsible for overseeing the administration and operation of the property, working closely with the owners corporation and its appointed professionals. They typically handle a range of tasks, including:
1. Financial management: The committee helps prepare and review the budget, monitors financial transactions, and ensures that funds are properly allocated for maintenance, repairs, and other expenses.
2. Maintenance and repairs: They oversee the maintenance and repair activities within the common areas of the property. This can involve arranging routine maintenance, obtaining quotes for repair work, and ensuring that necessary repairs are promptly addressed.
3. Bylaw enforcement: The committee ensures that the bylaws and rules established by the owners corporation are enforced. They may handle disputes between owners, address non-compliance issues, and take appropriate action as required.
4. Communication and meetings: The committee facilitates communication between the owners and the owners corporation. They may provide updates on property matters and address any concerns or questions raised by the owners.
5. Decision-making: The committee makes decisions on behalf of the owners corporation within the scope of their authority. This can include approving minor renovations, engaging contractors, and addressing urgent matters that may arise between general meetings.
It's important to note that the committee acts collectively and decisions are made through a voting process. The committee members should act in the best interests of the owners corporation and ensure transparency, fairness, and adherence to relevant regulations and bylaws.