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Hello flat chatters,
We are in the process of obtaining proposals from new strata management companies.
Have received the first one, and the fee schedule is comprehensive (and seems transparent), but is also slightly concerning.
In saying this, I have no idea what’s fair, and what I should be expecting to see in included serviced vs schedule 2 services?
Our complex has some issues which we are hoping to attempt to sort out and when considering the fees, I’m a little concerned… for example:
Establishing a functioning committee – I am concerned about the fee method for some of the administrative items i.e. “non-routine correspondence”. I think our scheme may be a bit needy for the first year whilst we establish a functioning committee – this could get expensive?
Parking mayhem and certain other ongoing by-law beaches which are entrenched in this complex – this fee schedule charges $165 per time (whatever this means?) to deal with notices to comply. This seems scary if the committee plans to issue formal warnings – which it will likely have to do as all other avenues have failed. Is this fee normal?
There are many other fees listed as schedule B fees – the main ones (i.e. chairing meetings etc.) are covered under agreed services.
Can anyone provide advice on what to look out for? It’s all a tad overwhelming, and the fees schedule alone is 10 pages long!Thanks.
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