Video Explainer – Long term Strata Maintenance Plan
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”
If you have any questions about strata management in Adelaide contact us at:
Stratarama
08 8276 0426
It’s your Community.
This article and the information provided represents general advice and does not take into account any specific financial situations, objectives or needs of an individual or Body Corporate/ Strata Corporation. Before you make any decision about whether to acquire a certain product, you should read the relevant product disclosure statement, policy wording and/or consult your Insurer.
