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Important Contacts
FRASERS PROPERTY AUSTRALIA PROSPERITY CARE
Customer Service Email: prosperitycareqld@frasersproperty.com.au 13 86 88
ERNST BODY CORPORATE MANAGEMENT
ON-SITE MANAGERS Customer Service Email: prosperitycareqld@frasersproperty.com.au 07 5519 2900
Effective Management Email: cova.management@bigpond.com 07 5510 8885
COVA
BODY CORPORATE INFORMATION
ENJOY YOUR NEW WATERFRONT COMMUNITY
COMMUNITY TITLE
The Waterline Villas and Terrace Homes are Community Titled by standard format lot plan. You are the owner of a lot within Cova Central Residences CTS 52381.
Areas within a scheme which do not form part of an individual lot are Common Property. These may include areas such as gardens, recreational facilities and car parks. The Common Property is owned by the Principal Body Corporate (PBC), and all owners contribute financially through the payment of Body Corporate Levies to maintain these areas.
The Cova Central Body Corporate is a legal entity, which represents all the home owners in the central part of Cova located around the marina, and is governed by legislation. As a home owner, you are automatically part of the Body Corporate and are responsible for how the buildings are managed and for financial contributions to maintain the Common Property.
To protect your property asset, Frasers Property strongly recommends all owners take an active role in the Body Corporate function to ensure that appropriate maintenance plans are put in place, and that adequate financial provision is made to the sinking fund of the PBC. The Bodies Corporate are managed by professional advisors and will seek independent maintenance advice, to prepare costed maintenance plans for the building and grounds, and set levies accordingly.
BODIES CORPORATE
There are four subsidiary Bodies Corporate to the Cova PBC. Each subsidiary elects volunteer owners to form a committee and the Chairperson from each committee represents their Body Corporate on the Cova PBC committee.
The Bodies Corporate deal with all matters associated with the management and administration of the Common Property including: maintenance, cleaning and repairs; insurance (such as building, public liability, workers compensation etc); cleaning and use of the common facilities matters relating to garbage, noise, pets and the like; administration and sinking fund; By-Laws; and administration of the Committees.
Should you have any questions or concerns with the internal and external surrounds of the building, please ensure you address these to the relevant Body Corporate as soon as possible.
The Committees operate in a similar way to a board of directors for a company. The committee is made up of the following members elected at the Annual General Meeting (AGM): » Chairperson. » Secretary/Treasurer. » Ordinary members of the committee.
A general meeting is a meeting of all members of the Body Corporate.
At a general meeting, resolutions are passed among other things: to confirm the annual accounts, set budgets and levies, determine if an audit is required and any other issue that requires a general meeting resolution. The last item of the agenda at every annual general meeting is the election of the Committee.
The legislation prescribes the format of a general meeting, the types of resolutions required and who is eligible to vote.
A Committee Meeting is a meeting of the Committee members held at regular intervals throughout the year.
ON-SITE MANAGER
An On-site Manager has been appointed for Cova. (Please refer to Important contacts for details). The On-site Manager’s office is located across the road from the Frasers Property sales office on Cova Boulevard.
The On-site Manager’s responsibilities may include:
Organisation of repairs and maintenance of Common Property; management and letting of tenanted properties; arranging quotations for services/works; engagement of cleaners, gardeners, tradespeople; convening and holding meetings; attending to harmony problems; maintaining all accounting records, trust accounts, assisting auditor; performing rental appraisals; and attending to correspondence.
RECREATIONAL CLUB ACCESS
In order to gain access to the recreational facilities at Cova you will need to collect a FOB from the on-site managers. The FOB provides swipe electronic access to Cova’s recreational facilities. Each FOB will be programed under your name and household for security purposes and require a deposit of $25 per FOB. Please collect the FOBs from the on-site managers office at 16 Cova Blvd.
LEVIES
Administration and sinking fund levies are the financial contributions paid by all owners to the Body Corporate to cover costs incurred in the management of the building and for allocation for capital expenditure. The amount is based on Contribution Schedule Lot Entitlements (CSLEs), and each owner pays a share of the costs.
The budgets for the administrative and sinking funds determine levies, and are resolved at each AGM. Subsidiary schemes have administrative funds only. The sinking fund is controlled by the Cova PBC.
ADMINISTRATIVE FUND
The administrative fund is for regular recurring expenditure and includes payment to service contractors, ongoing maintenance and repairs and the upkeep of Common Property.
SINKING FUND
The sinking fund is a separate fund where money is put aside for future non-recurring maintenance (e.g. painting of exterior surfaces) and the purchase of new Body Corporate assets.
BY-LAWS
By-Laws are a set of “rules” that the owners and tenants in a strata scheme must follow. They set out the rights and obligations of all parties involved within the estate and have been created to ensure a cohesive living environment. They can be amended and new By-Laws can be introduced at a general meeting of the Body Corporate.
Prior to any building work being undertaken in your Villa or Terrace Home, you may need to obtain the requisite approvals from City of Gold Coast, Body Corporate and any other relevant authority.
Consistent with the By-Laws, the following is a summary of the procedures, which must be followed.
Notify Body Corporate of the intent to carry out any modifications to your property, which may affect any Common Property areas. Include a description of works, estimate of time for undertaking works, and all necessary supporting documentation, (such as report from reputable acoustic engineer etc). Modification works are likely to require approval from the Body Corporate Architectural Review Committee (ARC).
PROTECT, KEEP CLEAN AND MAKE GOOD ALL COMMON PROPERTY
Please ensure consideration of all residents during any works. Works are not to produce excessive noise, work hours are to be as imposed by the Body Corporate, dust to be kept to a minimum, rubbish is to be disposed of, etc.
MAINTENANCE
LOOKING AFTER YOUR HOME
TO PRESERVE THE LONGEVITY OF THE FINISHES AND FIXTURES WITHIN YOUR HOME, IT IS IMPORTANT THAT YOU MAINTAIN AND CLEAN YOUR HOME USING THE APPROPRIATE TRADES PEOPLE AND PRODUCTS. CONSULT YOUR OWNER’S MANUAL IN THE FIRST INSTANCE AND ALWAYS USE EXPERIENCED LICENSED TRADESPEOPLE TO CARRY OUT REPAIRS AND MAINTENANCE WORK.
This Owner’s Manual provides useful information about your new home. It is a guide to establishing your service accounts and caring for your home.
For items under warranty, you hold the warranty and issues should be addressed directly with the manufacturer in the first instance. Proper care and maintenance is a standard condition to many manufacturers’ warranties. Please refer to specific manufacturer’s recommendations to ensure your warranties are not voided.
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