What is a Long-Term Strata Maintenance Plan?
A well-planned strata means fewer surprises!
That’s where a Long-Term Maintenance Plan comes in.
It outlines:
- Future repairs and asset replacement – such as repairing or replacing gutters, roofs and much more
- Estimated costs over multiple years broken down by item/ asset, setting recommended sinking fund levies— so levies stay predictable.
Planning ahead protects property value and avoids costly emergency repairs! Allowing Members to create a sinking fund of savings”
