DeanCollinsParticipant@deancollinsJoin Date: 2015Post Count: 372
Do Strata Managers have to give access to records to prospective purchasers?
I’ve had a situation where I am about to bid on a property but am concerned as to why the strata fees are about $200pq higher than they should be for a building of this size/age.
When I asked for a copy of the last two years records the strata manager has refused to provide a copy and however indicated that I should purchase a “Strata Report” for $299.
I emailed to ask why they would give them access to the data but not me……to no answer.
So I ask the question again “Do Strata Managers have to give access to records to prospective purchasers?”Ethan TimorParticipant@ethantimorJoin Date: 2016Post Count: 282
Yeah, something similar happened to me a while back. I think eventually we got it through the vendor 😉TerrywParticipant@terrywJoin Date: 2001Post Count: 16,110
STRATA SCHEMES MANAGEMENT ACT 1996 – SECT 109
http://www.austlii.edu.au/au/legis/nsw/consol_act/ssma1996242/s109.htmlDeanCollinsParticipant@deancollinsJoin Date: 2015Post Count: 372
Thanks for the link to the regulations Terry.
Unfortunately they seem to tell you about the “apartment” but not really where the money is going and why the strata fees are high.
But next time I get a strata manager tell me they don’t want to provide any info i’ll send them a form letter asking for the minimal amount and quote the regs just so they have to do ‘some work’ :)
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