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Hi to everyone first! :P
I bought my first property which is a city apartment early last year. Back to then, I remember i paid something like $1400 for the body corporate fee(for year 2004). And when it came to 2005's fee paying period, i was surprised to find out that my body corporate fee has been increased to $2200. Of course it has been the same for everyone in this building. I don't see any big/expensive improvements to the building. And I checked the statements which were posted from the body corporate management company for how they spent the money. I saw things like $5000 for telephone cost etc. Wondering how they spent all that money
What should I do if I want to know more about this
Recently I have been noticed that our hot water supply system will be changed to a user based system which means I will have to pay about $70 or more per month (for just 2 residents on a normal usage base) plus $150 as a one off bond if I want to continue use hot water in my apartment.
Now, A: I certainly think this hot water supply company is very expensive. Anyone can give suggestion for more cost-effective options?
B: I don't understand why the management company had increased the body coporate fee by nearly 50% and still not covering the cost of our hot water supply. (Though the last year's fee which was $1400 covered it. )
Any help would be greatly appreciated!
Elle
I bought my first property which is a city apartment early last year. Back to then, I remember i paid something like $1400 for the body corporate fee(for year 2004). And when it came to 2005's fee paying period, i was surprised to find out that my body corporate fee has been increased to $2200. Of course it has been the same for everyone in this building. I don't see any big/expensive improvements to the building. And I checked the statements which were posted from the body corporate management company for how they spent the money. I saw things like $5000 for telephone cost etc. Wondering how they spent all that money
What should I do if I want to know more about this Recently I have been noticed that our hot water supply system will be changed to a user based system which means I will have to pay about $70 or more per month (for just 2 residents on a normal usage base) plus $150 as a one off bond if I want to continue use hot water in my apartment.
Now, A: I certainly think this hot water supply company is very expensive. Anyone can give suggestion for more cost-effective options?
B: I don't understand why the management company had increased the body coporate fee by nearly 50% and still not covering the cost of our hot water supply. (Though the last year's fee which was $1400 covered it. )
Any help would be greatly appreciated!
Elle
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