Funds and Levies Archives

Administrative Fund vs Sinking Fund?
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Administrative Fund vs Sinking Fund?

Body Corporate Committee, Body Corporate Manager, Financial, Funds and Levies

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 [...]

2018-08-15T13:01:32+00:00 By Dianne Flaherty|Body Corporate Committee, Body Corporate Manager, Financial, Funds and Levies|0 Comments

6 Ways to Save Money on Your Strata Insurance
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6 Ways to Save Money on Your Strata Insurance

Financial, Funds and Levies, Maintenance, Strata scheme

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 [...]

2018-08-14T18:01:18+00:00 By administrator|Financial, Funds and Levies, Maintenance, Strata scheme|0 Comments