This article discusses whether caretaker management agreement charges can be applied when a body corporate chairperson spends time meeting with a caretaker about a management agreement.
Question: If the chair meets with the caretaker to discuss the MAA, can the body corporate invoice the caretaker for the time and deposit the money into the sinking fund?
I am a new chairperson at a resort under the accommodation module. The caretaking and letting management company asked me to attend a meeting to clarify their managing agency agreement. Can the body corporate invoice the caretaker for my time and deposit the money into our sinking fund?
Answer: Part of the role as chairperson is giving to the scheme’s needs as required. Dealing with a contracted manager is one of those.
Anything is possible by agreement, but part of the role as chairperson is giving to the needs of the scheme as required and dealing with a contracted manager is one of those. The only exception would be if the person was voted in on the basis of some form of payment.
This post appears in Strata News #708.
Frank Higginson Redchip Strata Law E: FrankH@redchip.com.au P: 07 3193 0500