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Two points to consider.
As far as I can tell, like strata managers, there is no standard fee. It depends on what the building manager does.
So if their contract is up for renewal, go out to the market and get some quotes. Let the incumbent know that you are getting other quotes. Thst will force him to sharpen his pencil. Don’t be surprised if you get some good deals. The habit of yearly increases of CPI tends to make the current supplier overpriced. I’m sure the encumbering will be miffed. Strata managers and building managers are depending on the lack of inertia of the OC to stay employed.
Secondly, the OC is entering into a contract. By definition , in a non monopolistic market, the contract is an agreement between two parties, where the contract represents a meeting of the minds. You are not obliged to take the terms offered by the building manager. Get your best negotiator on the case and negotiate the conditions you are happy with. Remember thst the building manager wants to keep your business and will accomodate your requests, to a point. But he may not be happy about it.
Your building manager is an easily replaceable service. Don’t let them convince you otherwise.