There are a few other dodgy practices out there when it comes to the renewal of strata management agreements / re-appointment of strata managers….Owners seldom understand and do not scrutinise strata management agreements, especially those for renewal with incumbent managers; so renewed agreements tweaked with a “small” change like a 15% fee increase can easily go undetected.
But it does not stop there…we’ve seen AGM agendas go out WITHOUT a copy of the proposed agreement and just a note that “a copy of the agreement will be provided to owners on application”. Hardly transparent but one of the consequences of leaving the preparation of the AGM Notice / Agenda to the strata manager….