Helping Owners Corporation Committees to Compare Apples with Oranges

“We helped a Committee in Melbourne’s inner-north to navigate the maze of additional fees and charges contained in an owners corporation management contract from a company they had shortlisted”.

  *not one of the companies that we work

 
The Owners Corporation was in the process of deciding to appoint one of the Qualified & Approved Managers (column A in the below table) before an owner presented them with another proposal that they had sourced.

The proposed management fee was lower on the face of it however after we went through the proposal and accompanying contract, we found a lot of hidden added extras…

It’s always worthwhile checking contracts before entering into them…

Here was our comparison that then presented to the Committee:

 

 

Have you been provided with an OCM quote with seemingly cheap management fees and potentially a lot of added extras?

Is it time to change owners corporation management companies? Speak to a Strata Consultant on 1300 917 848.

 

Time to Change Strata Management Companies But Not Sure How to?

Strata Consultants Melbourne has been helping and guiding Committees on how to change owners corporation management companies since January 2014. We guide you through the process of changing body corporate management company and everything is done according to the body corporate rules and regulations. Speak to a Strata Consultant about changing owners corporation managers on 1300 917 848.

The contents of this article or website are only intended to provide a general overview of the topics discussed. The author of this article makes no representations as to the accuracy or completeness of any information and the information is not intended to constitute investment, legal or professional advice. You should seek professional advice before acting or relying on any of the content. This article does not contain references to any specific company, organisation or individual, unless expressly specified.
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