October 22, 2018 at 2:02 pm
#2141
Keymaster
It is the practice of some management companies to charge a percentage of certain invoices to the condominium corporation as an “administration fee” for organizing and supervising the work. As long as that practice is disclosed in advance, I don’t see an issue with that type of arrangement although our company does not add administration fees to invoices.
However, it sounds unethical, if not illegal for a property manager to charge a fee to a service provider in order for them to be able to perform work on behalf of the condominium corporation.
Mark R on August 07 2018 at 03:27 PM