I don’t want to misquote JT but I DO remember a bit in his excellent book Apartment Living which says something like ‘corruption exists at every level of society (or maybe he said business) so why not in the strata industry?’ At least that’s my memory of what he said. (JT will probably claim he was just an angry young man when he wrote that and he’s more pragmatic these days.)
Now, I am not suggesting for one minute the taking of hidden commissions and fees by Strata Managers (and Real Estate Agents) from the Unnamed Bank is corrupt. But I AM saying, that MY mate says, unmentioned fees and commissions certainly exist and, once again, the amount of largesse in all its forms heaped upon Strata Managers an strata management companies… ummm… a little bit more than just Christmas Turkeys and bottles of scotch. It is hidden and it is endemic.