Re: Insurance Commission what is standard?
@Speidel said: Our Owners Coporation is currently exploring changing our manager and we requrested some proposals from suitable managers. I noted in one contract that the Body Coporate Manager receives…
Re: Insurance Commission what is standard?
At least he/she is transparent about their fee structure. It isn’t illegal, and to me it is better they disclose it upfront. There are no doubt other views, but insurance…
Insurance Commission what is standard?
Our Owners Coporation is currently exploring changing our manager and we requrested some proposals from suitable managers. I noted in one contract that the Body Coporate Manager receives 15% commission…
Insurance rocketing – as is strata manager’s commission
I own a unit within a small complex of 19 located in the inner west of Sydney. It’s a complex with no lift, pool or gym. Two of our biggest…
Re: Building Manager insurances
Bewildered – under the NSW Work Health and Safety Act 2012 (WH&S) Strata Plans that are entirely residential are not classified as a “person conducting a business or undertaking” (PCBU)…
Re: Building Manager insurances
@Bewildered Owner said: The building manager is a part time contractor and also an owner Look forward to your reply Still Bewildered Hi Bewildered, I have one suggestion if the…
Re: Building Manager insurances
Thankyou for your reply. Yes I agree this seems to be a minefield Here are answers to your questions The Strata Plan is in NSW and is residential only The…
Re: Building Manager insurances
I think that your Owners Corporation (O/C) may be heading towards a mine field if it expects that any act or omission by its employee (whose role would be defined…
Building Manager insurances
I am an owner in a large strata plan. At the latest AGM the Owners Corporation agreed to enter into a contact with a sole trader to provide a part…
Re: SM has let insurance lapse
JimmyT, Thank you for your advice. How do we ensure that next SM belongs to Strata Community Australia? Feeling frantic. Will hand-deliver letter to Fair Trading Thursday a.m. Hopefully they can…
Re: SM has let insurance lapse
Frans, Do you have your strata valued every 5 years as required by the Strata Act? A few years ago we moved to self manage and hired an insurance broker. …
Re: SM has let insurance lapse
You need to get in touch with a strata manager who is prepared to take over your scheme. Don’t even consider a strata manager who is not part of the…