Property Management

Property problems: How to tackle spiralling body corporate costs

Q. I own a unit in a high-rise development in Auckland and am concerned about the spiralling management costs I am required to pay through my body corporate levy.

Sunday, September 28th 2003

It seems to me that many of the costs are kept as high as possible because the body corporate secretary is paid a percentage of the total of the costs managed. There is no incentive for that secretary to reduce costs.

Under the rules, the secretary can only be removed by three-quarters of the owners. Therefore, I need more than 60 of 80 owners to agree to remove the secretary. Is there another way?...

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Property Management

Property problems: How to tackle spiralling body corporate costs

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