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Strata management, sometimes known as body corporate management, is a specialist area of property management involving the day-to-day operation and management of a property that is jointly owned and comprises multiple units, common areas and common facilities.
The service agreement may provide significant latitude for the strata management company and its strata managers to make decisions without consulting the strata corporation. In other cases, the service agreement may require that the strata management company and strata managers only act on instructions and with the approval of the strata council.