How Should I Compare Annual Fee Increases Between Properties?

Look beyond the current fee level and forecast how it could change. To compare, ask for several years of accounts, the sinking fund status, and plans for major works. Specifically request: the last 3–5 years of management accounts; the current sinking fund balance; a schedule of planned major projects; the fee escalation policy (whether increases require notice, caps, or AGM approval); and any arrears or special assessments. Confirm who bears costs if owners fall behind and how vacancies are treated. Also check if there are caps on annual increases or formulas tied to inflation or service costs, and whether increases apply to all units or vary by unit type. Use these details to forecast long-term costs and budget accordingly.