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 […]
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. […]
5 Simple Steps to Switch Owners Corporation- VIC
Are you unhappy with your current Strata Manager? They aren’t meeting your expectations? Your complaints aren’t being heard? No one returns your calls and answers your emails? Your property isn’t being maintained properly. There are many reasons as to why you would switch your strata manager. If you aren’t completely satisfied with your Strata Manager, […]
5 Simple Steps to Switch Owners Corporation-NSW
Are you unhappy with your current Strata Manager? They aren’t meeting your expectations? Your complaints aren’t being heard? No one returns your calls and answers your emails? Your property isn’t being maintained properly. There are many reasons why you would switch your strata manager. If you aren’t completely satisfied with your Strata Manager, you should […]