Administrative Fund vs Sinking Fund?

Lot owners are often confused about Body Corporate Funds - particularly the difference between the Administrative Fund and the Sinking Fund, and what they're used for. As an owner within a body corporate scheme, it is important that you to understand these differences and be financially prepared. After all, whether you live in it or [...]

6 Ways to Save Money on Your Strata Insurance

6  key points to assist you and your Body Corporate to get the best possible terms out of your insurer. Make sure the grass is always greener A key thing that  potential Insurers look for is properties that are maintained regularly. A well maintained building is likely to have less claims, therefore the Body Corporate [...]

Strata Owners Tax Report Available from Tower Body Corporate

Here we are at the end of June and dreaded tax time is here again. In order to make this time of year easier for all of our owners, we have a new tax report available for you for this financial year. The report is simple and easy to read plus it includes all of [...]

2018-08-14T18:08:33+00:00 By |Financial, Owner|0 Comments

Tips for Tower Body Corporate Owners – ONLINE OWNERS PORTAL

As an owner of a property within a building managed by Tower Body Corporate, you now have access to your owners portal, where you will find  a variety of online self-service features. The online portal allows owners and committee members to download a number of reports, documents and certificates in relation to your scheme. If [...]

Do You Have Paid Committee Members at Your Body Corporate Scheme?

Are you an owner in a Body Corporate where members are claiming payment for their service to the committee? If so, are you aware if approval for payment has been carried out by following the correct procedure? If not, the payments could be illegal. Just like any other outgoings, payment of committee members must be [...]