Hurricane Preparedness for Jamaican Strata Corporations
Jamaica sits in the hurricane belt. Here is a practical guide for strata corporation boards to prepare for, respond to, and recover from a major storm.
Jamaica sits in the hurricane belt. Here is a practical guide for strata corporation boards to prepare for, respond to, and recover from a major storm.
Most boards don't know they can legally sell a delinquent lot to recover arrears. Here's the step-by-step process — and why documentation is everything.
Delinquency rates exceeding 30% are crippling strata corporations. The problem isn't bad residents—it's the absence of immediate, fair consequences for non-payment.
With some of the highest electricity rates in the Caribbean, strata corporations can achieve meaningful savings and reduce maintenance fees through targeted energy efficiency upgrades in common areas.
Most strata boards operate reactively, lurching from crisis to crisis. A strategic plan gives your corporation direction, priorities, and accountability. Here is a practical framework any board can follow.
Beyond fee collection and accounting software, sound financial governance requires disciplined budgeting, transparent reporting, audit readiness, and proper reserve allocation. Here is the framework every strata board needs.
Spreadsheets, delayed reports, and opaque budgets erode trust and create compliance risks. Here's what modern strata corporations need.
Most Jamaican strata corporations have no reserve fund study, leaving them vulnerable to special assessments, deferred maintenance, and declining property values. Here is what a reserve study is, why it matters, and how your board can commission one.