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 – 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 […]
