100% is a useful benchmark. It isn’t a funding strategy. Your Body Corporate has R1.6 million sitting in its Reserve Fund. That sounds reassuring. Then somebody asks a slightly more awkward question: R1.6 million for what? The lift? Painting? Waterproofing? The roof? The gate motors? The next round of redecoration? That is where things get […]
The body corporate generally takes the responsibility for outside maintenance of all windows of an owners section, and 100% off the common property windows. When it comes to some older wooden window frames and doors, this may involve painting or varnishing and sometimes adding polyurethane sealant or replacing cracked window putty. The maintenance can end […]
There is often some confusion around what are considered to be Components of the 10-year MRR plan and what are Major Capital Items and whether you should include various Components in your 10-year MRR plan, even though you have all the Major Capital Items. It is useful to think of the Major Capital Items as […]
