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 […]
What is a Body Corporate Sinking Fund? – QLD
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! If we weren’t in the Strata industry, chances are we would have thought similar things. In this article we will share all you need […]
Does Your Strata Scheme Have a Plan for the Future?
One of the benefits of living in a Body Corporate is that everyone contributes to the future upkeep of the property. This is managed by a regular payment of contributions. In Queensland, it is called a Sinking Fund; In New South Wales, it is called a Capital Works Fund; In Victoria, it is called a Maintenance Fund. […]
