Question: What fees can strata managers charge to organise insurance quotes?
Answer: This may vary depending on the terms and conditions of your specific management agency agreement.
Provided your managing agent uses the standard Strata Community Australia strata management agency agreement and that your agent has delegated authority to arrange insurance quotations, the fee for doing so would usually be included in the “agreed services” fee in respect of which no additional charges would apply.
This may vary, however, depending on the terms and conditions of your specific management agency agreement (MAA) as some agencies may charge an additional amount. If so, the fees are generally included in the schedule of charges B, C & D, which are part of the MAA.
This post appears in the March 2024 edition of The NSW Strata Magazine.
Leanne Habib Premium Strata E: info@premiumstrata.com.au P: 02 9281 6440