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 […]
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 […]
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. […]
What Do Your Strata Fees Include?-VIC
It’s firstly important to understand what Owners Corporation fees are? Paying Owners Corporation fees is a fundamental necessity of living in a strata scheme. When sharing a building and common property with multiple owners it is only fair that all owners contribute to the upkeep and the running of the Owners Corporation. Travis Henry, Senior […]
What Do Your Strata Fees Include?- NSW
ThIts firstly important to understand what Owners Corporation fees are? Paying Owners Corporation fees is a fundamental necessity of living in a strata scheme. When sharing a building and common property with multiple owners it is only fair that all evenly contribute to the upkeep and the running of the Owners Corporation. As an owner […]
What Do Your Strata Levies Include? QLD
Firstly, it’s important to understand what Body Corporate levies are. Paying levies or contributions is a fundamental necessity of living in a strata scheme. When sharing a building and common property with multiple owners it is only fair that all contribute to the upkeep and the running of the Body Corporate. As an owner in […]
