Hi All,
Had a big fight with our body corp manager today over missing funds from two of the units on our block. It appears that over $500.00 is missing in body corp contributions. The Manager admitted this in a letter to me last year and sent a letter to the two units in question asking them to pay outstanding fees from 1-7-00 to 31-12-00. One of the unit owners advised that she had paid the fees and produced a receipt to prove it, the other unit owner has just paid the fees in question. The body corp manager has refused to investigate the matter any further or reimburse our block for the missing money. She says that this all happened before her time (she bought the business in 2002). Does she have a right to refuse to take responsibility for these funds just because she didn’t own the business when the funds went missing? I suspect the other unit owner who paid the missing contributions has now paid them twice (her financial affairs are being managed by a State Trustee who has probably just paid them without question). I have been advised that to submit a complaint to the Institute of Body Corporate Managers I need to have to submit it as a body corporate rather than an individual. Does anybody have any idea what the minimum number of people would be for a block of 4 units?Hithere andreaw. A couple of years ago the body corporate manager mistakenly used our sinking fund in general accounting. $46000 went AWOL. We are now paying it back.
I believe that Body Corp has a duty to investigate it further. If possible, could you defer your body corp payments until they get off their butt and do somthing about it? Sounds like they are hoping you out it into the too hard basket and forget about it.
A complaint sounds like a good thing. Mention it to your manager and see what he says, maybe he’ll change his mind [evil4]
Just my opinion here.
“Looking forward to the day when I can tell the boss where to go”
Hi Andrew,
You will need to get a copy of the by-laws that apply to your strata management group. These should clearly spell out all process revolving around your issues.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
andreaw,
Wouldn’t the BC be insured? I don’t think the new Manager would be responsible for old outstanding funds. I’m not sure why you think she would be.
Can the members of the units just wipe off this debt ? It seems a really small amount (seeing one lot has just been paid off- does this mean there is only $250 owing?) Do you have much money in the funds?
If thre old manager is gone, and the unit resident has a receipt… I’d just forget about it… unless you want to pursue the old manager, which I think would be a bit of a drama.
kay henry
You must be logged in to reply to this topic. If you don't have an account, you can register here.
