A A A

You must be registered and logged in to reply to posts or post new topics. Click on "How to Use This Forum" for simple instructions on how to get on board. NB: Please do not use your real name or email address as your screen name - if you do it will be changed to something less insecure.

Avatar

Please consider registering
Guest

Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

Register Lost password?
sp_Feed sp_PrintTopic sp_TopicIcon
Strata Manager proposed contract renewal in AGM Agenda
Avatar
Ethicsfirst
Newbie
Members
Forum Posts: 2
Member Since:
06/06/2017
sp_UserOfflineSmall Offline
1
17/10/2018 - 2:28 pm
sp_Permalink sp_Print

The agenda for our recent AGM was prepared and distributed by the strata manager. It included an item/motion which was worded specifically to re-appoint the existing strata manager. The meeting re-appointed the strata manager. Would probity require the motion to be couched in terms of appointing a strata manager without nominating a particular manager? Is the resolution valid given that the motion was not proposed by an owner?

Avatar
Bunyip1
FlatChatter
Members
Forum Posts: 16
Member Since:
14/06/2018
sp_UserOfflineSmall Offline
2
18/10/2018 - 6:34 am
sp_Permalink sp_Print

Hi Ethicsfirst,

I think that it is standard practice that the Strata Manager puts forward a contract for renewal of their services at an AGM. It is up to the Owner’s Committee to decide whether they will retain the services of the incumbent strata manager. The strata manager cannot vote for the renewal of their contract. Like politics the government cannot vote themselves back in but can nominate themselves for re-election.

Avatar
Seek
FlatChatter
Members
Forum Posts: 6
Member Since:
08/11/2012
sp_UserOfflineSmall Offline
3
21/10/2018 - 6:00 pm
sp_Permalink sp_Print

How to go about determining whether the proposed strata management fee is reasonable?

Is the strata management fee dependent on the size of the apartment block?

Is there any source for comparison for the strata manager fees? 

Avatar
spmanager
FlatChatter
Members
Forum Posts: 12
Member Since:
02/02/2018
sp_UserOfflineSmall Offline
4
24/10/2018 - 11:30 am
sp_Permalink sp_Print

There is no set rate for Strata Management. Basically its an open market. Each strata management company decides what they want to charge in fees. The owners decide if they accept the fees or not. The thing to do is to seek management proposals from other companies. That way you can compare fees. Just make sure you take into account, size of company (do they have the ability in house to manage your property?) or would they outsource a lot which adds to costs.

Even though there is no agreement between strata managers as to standard fees. We all lose and pick up properties from other management companies so there is a general feel as to what is being charged. So its not absolutely random amounts.

Also you need to take into account is there anything about your property that may demand extra and more demanding work.

Avatar
JimmyT
Admin
Forum Posts: 5157
Member Since:
06/01/2014
sp_UserOfflineSmall Offline
5
24/10/2018 - 11:49 am
sp_Permalink sp_Print

As a general rule, buildings that have a lot of interaction with their strata managers should look for an all-inclusive fee.

Buildings that rarely contact the SM might be better off paying a lower up-front fee while hoping their Schedule B charges – for everything from reading letters to making phone calls – don’t get out of control

Forum Timezone: Australia/Sydney

Most Users Ever Online: 518

Currently Online:
22 Guest(s)

Currently Browsing this Page:
1 Guest(s)

Top Posters:

Whale: 1584

kiwipaul: 584

struggler: 458

Austman: 343

Millie: 212

Billen Ben: 205

Cosmo: 194

considerate band fair: 160

Boronia: 142

Kangaroo: 140

Newest Members:

Marlyn Robertson

Quyen

srk

MayCliff

Climber70

teach

Mrboodly

marygreen

daisy555

Pyrmont Building Manager

Forum Stats:

Groups: 3

Forums: 40

Topics: 4960

Posts: 23497

 

Member Stats:

Guest Posters: 243

Members: 5669

Moderators: 6

Admins: 1

Administrators: JimmyT

Moderators: Sir Humphrey, scotlandx, Christopher Jones, Lady Penelope, Stratabox.com.au, Jimmy-T