NSW Minister Matt Kean is displeased as strata giant slugs more than 200,000 unit owners with fees!
We at Russell Property can confirm that there will be No increases to our Fees & Charges flowing from changes to Strata Scheme Management Act. We view these changes as part of the evolution of services to the Strata Community and see no valid reason to do so. Updating systems, procedures and tightening up on compliance is an ongoing responsibility of any best practice business and shouldn’t be seen as an opportunity to gouge fees.
If your strata manager wants to increase their fees at this time then its time to review the value of their services in the current market. Not all Strata Managers are the same and you maybe surprised by the choices you have in the current market.
Russell Property Partners with you in Strata & Community Management and offer a real alternative talk to us about our capped fees.