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I can’t see how any savings will be made. If a SM is getting, say $5000 in commissions and that is stopped they will just raise their fees by that amount. In fact, our SM (who is very good) has already told us that if commissions are removed, they will be increasing their fees. The commissions are part of their income.
I have owned a strata property in NSW for 30 years. At every AGM we get a list of the financial status of ALL lots. For each lot we get owners name(s), levy amounts, payment amount and balance. So, I would suggest that no privacy laws apply. In any case, if someone is in arrears the other owners have to decide what to do recover payments (i.e. more reminder letters, legal recovery, etc) so would need to know who is in arrears and by how much.
I am not the OP but have a look here. Under the section Check If You’re Eligible it says, “Any upgrade must apply to the entire building or complex”.
I can give you some figures for my unit. In a regional NSW city, 22 townhouses, November 2024. Quotes ranged from 13k to 16k. So, from about $1650 to $2000 per $1 million. Zero risk of flooding, but 40-year-old single story buildings of brick, weatherboard and glass construction.
Sorry, forgot to add that this was for a valuation of $7.9 million.
I can give you some figures for my unit. In a regional NSW city, 22 townhouses, November 2024. Quotes ranged from 13k to 16k. So, from about $1650 to $2000 per $1 million. Zero risk of flooding, but 40-year-old single story buildings of brick, weatherboard and glass construction.
Is there a definition of the size of a “large strata scheme”?
I would think the application/request should come from the owner only.
With that sort of attitude, I’d accept the dog as a tenant but not the person!
I have a townhouse in a NSW regional city. 22 townhouses in total all single level and all either 2 or 3 bedrooms. Units of Entitlement are all quite similar – either 46 or 48. No pool, no lifts, just plenty of open space, so our main cost is gardening care – mainly lawn mowing and a little pruning in winter.
The townhouses are valued around the low $400,000 mark, depending on number of bedrooms, location of carport (either attached or in a “group of carports” not attached). As the property was built in the early 1980s, any interior renovation also affects the value.
Our levies are under $2200 per year, so about 0.5%. And we have adequate sinking funds, and the townhouses are well maintained.
Now, this is of little use to you except to say that the levies can vary quite dramatically between strata complexes.
“prerogative of the harlot”
Associating Strata Managers with harlots is insulting – to all harlots!
For my property, the commission is paid by the insurance company to the strata manager. If there was no commission paid, then the insurance might be cheaper. For me, the strata manager attends to all insurance claims and doesn’t charge any extra fees because they get the commission.
In what state is the property located? It may make a difference. I can give you feedback on NSW, based on my experience:
The water flow “compliance” is only needed if you intend to make the tenant pay for water usage. My tenant uses about $50 of water per year so I don’t bother making him pay, so I don’t need the compliance.
The smoke detectors must be inspected/tested each year. You can do it yourself but it required you to notify the tenant that you need access, and then you must keep a record of the test. My property manager arranges for this to be done “in bulk” by a reputable company. This costs me about $100 per year, and the company keeps the legally required records, and they replace the battery as well.
I’d be interested to hear how that works. If my committee issues a Notice To Comply to prevent me rehearsing for the World Electric Ukelele Championships, isn’t that a decision they can make that adversely affects me?
Respectfully, I’d say that decision by the committee might just save your Ukelele from certain demise! You? maybe not!
(Sorry. It’s late and I’ve had a hectic week. Maybe I need to keep away from the PC and have a drink instead.)
May I suggest that, as others have said, you contact your council? Many have rules about “verge” gardening, particularly regarding to car parking. They often require the plant selection used allows a car that is parallel parked to still be able to open the kerbside doors and allow people to get in and out easily. This is mostly enforced in areas were there is a lot of street parking used and less so in the suburbs.
Newer versions of Microsoft Word (and maybe other products) can convert a PDF to editable Word format. It’s a standard feature of Word.
Buy why not just have the original document as Word, then create a PDF from that (again, a standard feature of Word). When changes are needed you just edit the original Word document then create a new PDF from that.