Assisted by Holly Pitt
In
part 1 on this topic, I talked about the responsibilities of
the Owners Corporation and the Executive Committee under the NSW
Strata Schemes Management Act 1996. In
part 2, I walked you through some information about what levies
and special levies are and when they come into play.
In my third and final blog of this series, I'll uncover the
benefits of preventative maintenance, dispute resolution strategies
and strata management solutions that are available to Owners
Corporations.
Preventative maintenance
To avoid deterioration of valuable property, you may want to
discuss the adoption of a Preventative Maintenance Program (PMP)
with your Strata Manager. The PMP can also be referred to as the
Sinking Fund Assessment and it provides a schedule of information
about everything of value that could break down, wear out or
deteriorate.
