One of the things I see often in body corporates looks something like this: Period Admin Budget Sinking Budget Total To Raise FY Ended 6/2014 $200,000 $50,000 $250,000 FY Ended 6/2015 $170,000 $100,000 $270,000 What this shows is that there has been a 50% increase in sinking fund budget from one financial year to the […]
posted on April 22, 2015 by
Case Study: The Consequences of Apathy in Bodies Corporate
Apathy in a body corporate is cause for alarm. It’s also a problem that is rife. Many people buy a unit with nothing but a rudimentary understanding bodies corporate and how they work and then proceed to ignore and complain about the body corporate as if it’s of no relevance to them at all. Unfortunately for a […]
posted on April 22, 2014 by
What’s So Great About Body Corporate Records?
Body corporates have a lot of pluses and for me the greatest are the body corporate records. Buying any property is all about speculation. There is a reason the current owners are selling and sometimes that reason is because the property in question is a great big old lemon. If you’re buying a house you […]
posted on August 1, 2013 by
How To Find Who Manages The Body Corporate Records?
Its very common in body corporates that there is NO representative of the body corporate available onsite. Which means, if you do need to speak to someone with the power to act on behalf of the scheme, finding out who that person is can turn into a drawn out treasure hunt. Whomever manages the body […]
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