Why do I have to pay management fees?

Levies are paid by all owners and are kept in trust until required to pay for items approved by the owners corporation, such as, but not limited to lawn mowing, common area cleaning, insurance premiums and management fees. 

Management fees are what we charge for the professional services we provide. Just like solicitors, accountants and other such professionals, we need to charge for the time we spend managing the owners corporation affairs of your property.

If you would take a moment to compare our annual fees with the annual fees of another professional, such as an accountant, lawyer or a doctor, you will find our fees are considerably less for the services we provide. 

Our base management fee includes the basics, any additional work will be charged for at the rates detailed in the schedule of fees you receive with the management agreement. Our management fees generally include any number of the following items:

• time spent on standard and brief enquiries you make to our office via correspondence, telephone or in person;
  
• meeting scheduling and preparation and distribution of annual general meeting notices and minutes;
  
• preparation of accounts including annual budgets, income and expenditure, Business Activity Statement and all invoicing and payments;
  
• coordinating general maintenance such as lawn mowing,
  
• arranging quotes, renewals and valuations for building and workers’ compensation insurances;
  
• receiving, preparing and responding to correspondence for general Owners Corporation matters;
  
• providing information statements to solicitors, conveyancers and estate agents for the sale of an owner’s property;
  
• providing and amending special additional rules for an Owners Corporation, including coordinating applications to change rules and related approvals;
  
• stationary, postage, file storage, telephone calls, emails and fax transmissions

If you would like more details about our management fees, please contact us here