What are the recommended strata fees for a block of six units? – Coralie, NSW
Q: What are the recommended strata fees for a block of six units (no pool or lift)? And what is the recommended split of the fees between the admin and the capital works fund? Also, how are the fees calculated per unit? Is it based on square metres of each unit?
A: In addition to the available facilities, number and dimensions of properties, there are a number of factors that could affect the strata fees of a property. We need to take into account things like the insurance requirements for the property, age and condition of the building, security and maintenance requirements, to name a few.
We need to have a lot more information about the building to be able to give more specific answers. If you’d like to discuss the matter further and gain greater insight, try our free strata assessment service.