› Forums › The Professionals › SCs and strata managers › Strata Fees › Current Page
I agree. I was most annoyed at the $1000 special levy this quarter. There has been a lot of renovations, and we were told at the AGM, more work was needed after the structural engineer uncovered more defects. Very annoyed, as we have to cover this cost. And why it also makes sense that the proposed strata reform laws, will carry that – what is it 2% Bond, or is it a $200,000 sinking fund, if they go broke, they have to forfeit something like along those line, like that. I was annoyed as were other residents with the big levy Hike. Some better transparency, under the new reforms hopefully. And one of those big ones, is when more work needs to be done or uncovered. It unintentionally then becomes a “Racket”, or even sometimes intnentially. Renovating common property, is one of those ones. External rendering, of the bricks and concrete is one, as is footpaths, and car parks being renovated. Cost blow outs beyond the original budget can happen, and during excavations and work being done.
Like more protection for consumers, more protection for the Lot owners who form the owner’s corporation of a building. So developers, and strata management agencies don’t rip off, or engage in deceptive conduct.
Like declaring insurance stuff too.