Capped Strata Fees

CAPPED STRATA FEES, KEEPING IT SIMPLE

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.

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