I believe it was that price for a strata lawyer to draw it up and register the by law. And a word of caution to anyone having a by law drawn up – read, read then re-read the drawn up by law before approving. Your strata lawyer does not live in your complex. Make sure the right terminology is used. The wrong wording or description could dramatically change the by law and require it being drawn up again.
Our by law was covered in the model by laws but the OC wanted to make sure there was no interpretation ithe future and had it defined further. The cost was minimal compared to the cost of an individual owners definition of the model by law.