Hi. I am the owner of a unit in NSW and have some concerns about the Strata Management. I do not live in the state so it is difficult for me to attend their offices. I had a bit of a read of the strata act which is somewhat complex for the "lay" person. Perhaps someone on this forum may be able to assist.
Specifically, I wanted to know if I can request interim financial reports of the sinking and admin fund. I have only been receiving them once a year at the time of the AGM. The strata allowed the admin fund to get into $20,000 deficit and we have just paid a special levy to rectify this. I want to be able to keep tabs on things more regularly.
Secondly, and this is more a general question. The admin fund has spent $9000 annually on water and sewerage. It is an older complex with 21 units. Each owner pays approx $200 per quarter for water usage as well. $9000 seems a lot for sewerage and watering the grounds, but then I am not familiar with Sydney utility bills. I wondered if this is around the norm for a 21 unit complex?
Thanks.
Specifically, I wanted to know if I can request interim financial reports of the sinking and admin fund. I have only been receiving them once a year at the time of the AGM. The strata allowed the admin fund to get into $20,000 deficit and we have just paid a special levy to rectify this. I want to be able to keep tabs on things more regularly.
Secondly, and this is more a general question. The admin fund has spent $9000 annually on water and sewerage. It is an older complex with 21 units. Each owner pays approx $200 per quarter for water usage as well. $9000 seems a lot for sewerage and watering the grounds, but then I am not familiar with Sydney utility bills. I wondered if this is around the norm for a 21 unit complex?
Thanks.