Capped Strata Fees
Our capped fee includes:
Meeting Preparation & Attendance
Attend the Annual General Meeting
Attend Annual Executive Committee Meeting
Complete notices for all Meetings
Complete minutes for all Meetings
Maintenance
Arrange two quotes for work over $2,500
Engage contractors for special repairs
Execute contracts on behalf of Owners
By-Law Management
Answer routine queries about by-laws
Arrange quotations for new by-laws
Coordinate registration of new by-laws
Insurance management
Arrange insurance quotations
Lodge insurance claims under $50,000
Compliance
Arrange insurance renewals
Arrange sinking fund assessments
Lodge fire safety & WorkCover lift certificates
Contractor compliance
Client communications
Liaise with building managers & contractors
Prepare quarterly reports & updates
Provide advice & assistance on routine matters
Undertake site visits
Little extras at no extra
Owner’s website (available with 3 year contracts)
Help owners to set objectives
Offer advice with best practice procedures
Provide owner education materials
Tender common property service contracts
A tailored capped fee makes budgeting for your building easier.
Financial Management
Establish & manage trust accounts
Lodge term deposits with default bank
Prepare financials for Tax & BAS returns
Prepare End of year accrual accounting
Summarise annual financial highlights
Prepare Budgets
Disbursements
Affix common seals to documents
Electronic archiving
Electronic document distribution
Issue levy notices
Minute books
Pay routine invoices
Photocopying
Postage standard mail
Telephone calls
Tailoring a capped fee allows us to be proactive in the way we manage your building’s anticipated requirements & resources.
The average strata management firm earns up to 35% of their revenue from disbursements.
Works associated with:
Project & defect management; NCAT hearings, litigation; mediation, arbitration, Debt/levy recovery is excluded from capped fees due to their unpredictable nature.
