#20204
clockwise
Flatchatter
Chat-starter

    Thanks JT and Puddn!

    this SM is just so cunning and we really want to kick him out. The strata company is ranking top 5 based on the units they manage in NSW. They are actively seeking for new buildings from the developers and their fees are excessive(I think every lot pays $400 a year for both admin and mgmt) and it’s way above industry standard.

    before the 2015 Act came into force in nov 2016, they had all the buildings they manage sign a three year contract with them under the 1996 Act. Our scheme did too and the agreement will expire next year.

    I went through the SMS and one of the clause said ‘the member must appoint the same SM the BMC appoints’. The developer entered into a 5 year agreement with this SM in 2014 and it will expire next year too.

    I was just elected as our scheme’s committee member and the BMC rep. I really need to discuss about seeking independent advice to make sure we can get rid of this SM next year.

    thanks again!