Strata Levies Unveiled: What You Need to Know and How to Stay Ahead
Strata Levies Unveiled: What You Need to Know and How to Stay Ahead In the world of strata living, there’s one word that evokes both necessity and confusion—levies. These financial contributions can often feel like a mystery, yet they are the backbone of a well-maintained strata scheme. Whether you’re a lot owner or committee member, […]
Who Pays for Repairs and Maintenance of Owners Corporation Property: VIC
Farewell to confusion—presenting your quick reference guide. Outlining who pays for repairs and maintenance of Owners Corporation property. Detailing the people accountable for covering repair and maintenance expenses within an Owners Corporation. When it comes to communal living, the Owners Corporation shoulders the responsibility for maintaining Common Property. While the individual Lot Owner usually takes […]
Who Pays for Repairs and Maintenance of Body Corporation Property: QLD
Bid farewell to confusion—presenting your quick reference guide. The following outlines who pays for repairs and maintenance of body corporation property. Detailing the people accountable for covering repair and maintenance expenses within a Body Corporate property. When it comes to communal living, the body corporate often shoulders the responsibility for maintaining common property. While the […]
Who Pays for Repairs and Maintenance of Owners Corporation Property: NSW
Farewell to confusion—presenting your quick reference guide. The following determines who pays for repairs and maintenance of Owners Corporation property. Outlining the people accountable for covering repair and maintenance expenses within an Owners Corporation property. When it comes to communal living, the Owners Corporation often shoulders the responsibility for maintaining common property. While the individual […]
Essential Guide to Strata Finance – QLD
Firstly, it is important to know what strata loans are: What are Strata Loans? In certain situations, a Body Corporate may encounter unexpected costs for emergency repairs or major remedial works. Ideally, there should be sufficient funds in the Sinking Fund. Also known as a Capital Expenditure or Maintenance Fund, to cover such costs. However, […]
Essential Guide to Strata Finance – NSW
Firstly, it is important to know what strata loans are: What are Strata Loans? In certain situations, an Owners Corporation may encounter unexpected expenses for emergency repairs or major remedial works. Ideally, there should be sufficient funds in the Sinking Fund. Also known as a Capital Expenditure or Maintenance Fund, to cover such costs. However, […]
Essential Guide to Strata Finance – VIC
Firstly, it is important to know what strata loans are: What are Strata Loans? In certain situations, an Owners Corporation may encounter unexpected costs for emergency repairs or major remedial works. Ideally, there should be sufficient funds in the Maintenance Fund, to cover such costs. However, if the funds are insufficient, the Owners Corporation may […]
A Guide to Owners Corporation Insurance – VIC
Owners Corporation Insurance in Victoria can be complicated, leaving many Owners unclear about what the Owners Corporations responsibility is, what is covered by the Owners Corporation and what must be covered by individual Owners. In this article we will guide you through the different types of insurance and how they might apply to you. What […]
A Guide to Owners Corporation Insurance – NSW
Owners Corporation Insurance can be complicated, leaving many Owners unclear about what the Owners Corporation responsibility is, what is covered by the Owners Corporation and what must be covered by individual Owners. In this article we will guide you through the different types of insurance and how they might apply to you. What insurance is […]
A Guide to the Financial Obligations of your Owners Corporation – VIC
One of the benefits of living in an Owners Corporation is that each Owner contributes to the future upkeep of the property. It is important as an Owner, to understand your Owners Corporation expenses. In this article, we will guide you through the financial obligations of your Owners Corporation. An Owners Corporation is responsible for […]
