- This topic has 3 replies, 3 voices, and was last updated 11 years, 10 months ago by .
-
Topic
-
The Strata Managing Agent, (new Townhouses x 4,1 a rental), has not notified any of the Lot Owners that the Building Insurance was due on 12th December 2012! It is now 8th January 2013. Nor has there been any correspondence received re: an AGM.
The Agent disclosed at the 1st AGM, Dec 2011, after being asked,that she received 15% from each of the 2 Insurance Companies. Also, her licence to practice as a Strata Manager expired in middle of December 2012.
I’m very concerend about the lapsed Building Insurance which, I believe, is not sufficient much less not paid. The SMA is impossible to speak to or correspond with.
I would appreciate any help.
With thanks,
Frans
-
Replies
-
You need to get in touch with a strata manager who is prepared to take over your scheme. Don’t even consider a strata manager who is not part of the Strata Community Australia but bear in mind that many strata management companies are not keen to deal with small schemes – same amount of hassle for less money.
You will need them to help you get your papers back from the previous manager whom you should dismiss on the grounds that a) their licence has expired and b) they have put your scheme in a position where it is in contravention of the Strata Act by not having insurance.
Finally, you need to report your strata manager to Fair Trading so that they can be dealt with at the highest level.
The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
Frans,
Do you have your strata valued every 5 years as required by the Strata Act?
A few years ago we moved to self manage and hired an insurance broker. Best thing we ever did.
Insurance brokers provide cover even if you are late with your premium. We went with MGA insurance brokers and they have been great.
With Electronic access to our bank accounts, Bpay and email for noitices and agenda and minutes you would be suprised how easy self management is. We now can spend the $1,300 odd dollars we paid the SM on maintenance.
- You must be logged in to reply to this topic.