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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?
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.
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.
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
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