Sinking Fund Forecasts Archives - SSKB - Strata Managers | Community Experts
Why You Need A Sinking Fund

Why Do You Need a Sinking Fund?

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One of the benefits of living in a Body Corporate is the fact that everyone contributes to the future upkeep of the property. This is done through regular savings. What is a sinking fund? A Body Corporate’s sinking fund is effectively a deposit which exists

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Unravelling The BMS Puzzle

Unravelling The BMS Puzzle

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If you’re involved in building management of volumetric lots, it’s essential you ask yourself the following questions: Do you know what facilities are shared with the volumetric lots? Are the volumetric lots that share your facilities paying the correct percentage of costs? Does your body

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The Strata Terms you need to know

Strata Dictionary

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Strata living can be a confusing world, from the many terms to the constant changes in legislation and the different terminology around the country. We have taken some of the most common terms that you may need to know whilst you are living in a

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SSKB Strata Managers looks at Capital Works funds, Maintenance Funds and Sinking Funds

Sinking Funds – Queensland

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A bodies corporate sinking fund is effectively a deposit which exists to allow a body corporate to pay for repairs and maintenance of a building. The money in a sinking fund can be spent on several different things.  Firstly, it can be spent on anticipated

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SSKB Strata Managers looks at Capital Works funds, Maintenance Funds and Sinking Funds

Maintenance Funds – Victoria

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An owner’s corporation’s maintenance fund is effectively a deposit which exists to allow an owners corporation to pay for repairs and maintenance of a building, in accordance with the scheme’s maintenance plan. The money in a maintenance fund can be spent on several different things. 

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SSKB Strata Managers looks at Capital Works funds, Maintenance Funds and Sinking Funds

Capital Works Funds – NSW

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An owners corporation’s capital works fund is effectively a deposit which exists to allow an OC to pay for repairs and maintenance of a building. The money in a capital works fund can be spent on several different things.  Firstly, it can be spent on

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How To Prepare A Budget

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Preparation of a budget is one of the most important tasks a committee must undertake in their year to year operation. The following are general principles which strata communities may consider when preparing their budgets. The previous year end accounts are reviewed prior to commencing preparation of

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SSKB looks at Sinking Funds/Maintenance Funds for Strata Communities

Sinking Funds Explained – Queensland

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What is a sinking fund? A body corporate’s sinking fund is effectively a deposit which exists to allow a body corporate to pay for repairs and maintenance of a building. The money in a sinking fund can be spent on several different things.  Firstly, it

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SSKB looks at Sinking Funds/Maintenance Funds for Strata Communities

Sinking Funds Explained – NSW

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What is a sinking fund? An owners corporation’s sinking fund is effectively a deposit which exists to allow an OC to pay for repairs and maintenance of a building. The money in a sinking fund can be spent on several different things. Firstly, it can

Read more
SSKB looks at Sinking Funds/Maintenance Funds for Strata Communities

Maintenance Funds Explained – Victoria

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What is a maintenance fund? An owner’s corporation’s maintenance fund is effectively a deposit which exists to allow an owners corporation to pay for repairs and maintenance of a building, in accordance with the property’s maintenance plan. The maintenance plan is a 10-year plan which

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Chris Nezmah from StarBMS recommends RUMs do their homework first

Working with Committees – Prioritising Improvement Budgets

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In 2015 SSKB surveyed Resident Unit Manages to ask them what their top five challenges were. The answer came back – working with body corporate/owners corporation committees to approve budgets for building improvements. We asked Chris Nezmah, general manager of Star BMS for practical tips

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SSKB recommends contributions continue whilethe budget negotations are underway

How Much Is Enough?

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Maintenance funds, or sinking funds as they’re known in Queensland, are a form of insurance. It means a strata community has enough money in the bank to pay for future repairs, maintenance and improvements to your most important asset – your home! These funds are a

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Top 4 Aspects of Projects Achieving Sales in Today’s Tight Market

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Common themes are emerging amongst projects that are going to market for sales and which are actually achieving results in today’s though market. Have you ever wondered what the secret ingredients are? Well, no need to wonder anymore as SSKB … Continue reading

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