Is Your Owners Corporation Maintenance Fund Ready for Rising Construction Costs? - SSKB
Summary
This article warns Victorian owners corporations that rising construction costs can leave maintenance funds underfunded. It explains the legal tier system, the purpose of the maintenance fund, and why older cost estimates may no longer be reliable. It also lists warning signs that a scheme should review its maintenance plan and adjust levies. The piece urges committees to update assumptions now to avoid special levies, disputes, and compliance problems later.
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