Body Corporate Manager

Body Corporate Manager fees at end of contract

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When a relationship between a Body Corporate Manager and a Committee breaks down, there is often considerable time and effort expended by both the Committee and the Body Corporate Manager to address the problems.  The final outcome is often that any existing contract is discontinued.  Committees can get shocked when the records are finally handed over and […]

Body Corporate Manager

Chapter 3 Part 5 Appointment

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We recently reviewed a Body Corporate administration renewal of a four lot scheme.  The total remuneration of the Body Corporate Manager was in excess of $3,000 not including insurance commission.  The BCM had engaged the Body Corporate with a Chapter 3 Part 5 engagement.  That remuneration seems excessive!  However, in partial defence of the BCM, the use of the […]

Body Corporate Manager

Managers that say one thing – but do another

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Worked through a stressful changeover of a small Body Corporate this month.  The exiting Body Corporate Manager (Brisbane central city based) was refusing to handover the books until the lot owners made prepayments.  Seems that there was enough money for the insurance that was falling due or for the final Manager fees but not both!  My recommendation was […]

Body Corporate Manager

Levy periods

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Sometimes, we come across the records of a Body Corporate Manager that give real cause for concern.  A Body Corporate in North Queensland has recently transitioned to Tracsafe using our Body Corporate Bookkeeping service.  When we inspected the minutes of the last AGM as prepared by the prior Body Corporate Manager, we were somewhat alarmed.  The financial year […]

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Changing Body Corporate Managers

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We gained a new client this month – a small three lot townhouse complex in Ashgrove.  The retiring Body Corporate Manager was unresponsive to their needs.  An existing one year management contract was about to expire and the lot owners wanted to change management.  AGM documentation had already been issued proposing the existing Body Corporate Manager to […]