Should strata management advise of planned fee increase

Discussion in 'Property Management' started by Keentolearn77, 19th Dec, 2019.

Join Australia's most dynamic and respected property investment community
  1. Keentolearn77

    Keentolearn77 Well-Known Member

    Joined:
    1st Sep, 2016
    Posts:
    403
    Location:
    Melbourne
    Hi

    I have received a new qrtly bill from the strata management business that runs the body corporate for the units of which I have 1.
    The fee's have jumped by over 10%...

    Should the strata management mob have pre advised of a planned increase, or raised this prior to or at our annual - AGM, (2 months ago)....
    There is no reference made to this in the minutes of the agm....
     
  2. Pumpkin

    Pumpkin Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    1,181
    Location:
    Brisbane
    Yes there should be notice..... in the form of Annual Budget & Forecast.
    Please check your records.
     
  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    24,340
    Location:
    Sydney or NSW or Australia
    The proposed levies would be in the AGM notification and would have been voted for by the BC.
     
  4. Ted Varrick

    Ted Varrick Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,937
    Location:
    No Mans Land
    Did you attend the AGM or read the AGM Agenda, which should have a copy of the proposed budget?