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
Tags:
  1. Keentolearn77

    Keentolearn77 Well-Known Member

    Joined:
    1st Sep, 2016
    Posts:
    408
    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....
     
    Keentolearn77, 19th Dec, 2019
    #1
  2. Pumpkin

    Pumpkin Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    1,342
    Location:
    Brisbane
    Yes there should be notice..... in the form of Annual Budget & Forecast.
    Please check your records.
     
    Pumpkin, 19th Dec, 2019
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,229
    Location:
    Sydney or NSW or Australia
    The proposed levies would be in the AGM notification and would have been voted for by the BC.
     
    Scott No Mates, 19th Dec, 2019
    #3
  4. Ted Varrick

    Ted Varrick Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,941
    Location:
    No Mans Land
    Did you attend the AGM or read the AGM Agenda, which should have a copy of the proposed budget?
     
    Ted Varrick, 19th Dec, 2019
    #4
Buy Property Interstate WITHOUT Buyers Agents!

Buy Property Interstate WITHOUT Dropping $15k On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia