Help Guide About Owners Corporation Insurance- VIC
Even considering an insurance policy is enough to give most people a headache – let alone handling insurance for a multi-storey apartment block. In Victoria, Owners Corporations must ensure that they have insurance coverage for: a. common property b. public risk c. every building which contains an owner’s lot (i.e. an apartment or a unit). […]
Capital Works Fund Forecast Common Q & A
What is a Capital Works Fund: An Owner’s Corporation’s Capital Works Fund (CWF) is effectively a deposit which exists to allow an OC to pay for repairs and maintenance of a building. Who is the Capital works Fund Plan prepared by and how is it prepared? A quantity surveyor typically prepares the capitol works fund […]
Maintenance Plan Common Q & A
What is a Maintenance Fund: An Owners Corporation’s Maintenance Fund is effectively a “savings account” which exists to allow an Owners Corporation to pay for major repairs and maintenance of a building, in accordance with the scheme’s Maintenance Plan. Who is the Maintenance Plan prepared by and how is it prepared? A quantity surveyor typically prepares […]
Sinking Fund Forecast Common Q & A
When it comes to sinking funds, we have heard it all. From “why do I need a sinking fund; my building isn’t sinking” and I guess you can imagine the rest! What is a Sinking Fund: A Body Corporate sinking fund (SFF) is effectively a deposit which exists to allow a Body Corporate to pay […]
3 Tips to reduce Levy Arrears in Owners Corporation Communities- VIC
Arrears is simply defined as, “money which is owed that was required by the due date.” The arrears process, or the collection of overdue contributions is a very important function in your Owners Corporation. It enables the Owners Corporation to meet its budget and maintain the cashflow required to meet the expenditure of the complex. […]
4 Tips To Reduce Levy Arreas in Owners Corporation Communities – NSW
Arrears is simply defined as, “money which is owed that was required by the due date.” The arrears process, or the collection of overdue contributions is a very important function in your Owners Corporation. It enables the Owners Corporation to meet its budget and maintain the cashflow required to meet the expenditure of the complex. […]
4 Tips To Reduce Levy Arreas in Body Corporate Communities- QLD
Arrears is simply defined as, “money which is owed that was required by the due date.” The arrears process, or the collection of overdue contributions is a very important function in your Body Corporate. It enables the Body Corporate to meet its budget and maintain the cashflow required to meet the expenditure of the complex. […]
The Role of The Building Manager?-VIC
Building Managers are sometimes referred to as caretakers, facilities managers or resident managers. They are vital for managing the day-to-day operational management of the Strata building and facilities. Unlike Owners Corporation managers, building managers are often located onsite with a dedicated office. The Building Managers role is quite different to a strata manager, as it […]
The Role Of The Building Manager?- NSW
Building Managers are sometimes referred to as caretakers, facilities managers or resident managers. They are vital for managing the day-to-day operational management of the Strata building and facilities. Unlike Owners Corporation managers, Building Managers are often located onsite with a dedicated office. Building Managers role is quite different to a strata manager. Building Manager Responsibilities: […]
What Does A Building Manager Do?- QLD
Building Managers are sometimes referred to as caretakers, facilities managers or resident unit managers (RUMs). They are vital for managing the day-to-day operational management of the building and facilities. Building Managers work on site and can sometimes have a dedicated office. A Building Managers role is quite different to that of a Body Corporate Manager. […]
