Purely Property +
Combustible cladding has moved away from being a daily topic on the news. But this does not mean that the problem of the combust cladding has been resolved for the majority of buildings and property owners. Today’s story from the age documenting CBA’s position on an open register of buildings with combustible cladding is the […]
If you’re looking for the punchline to this question, the answer is YES. And it’s not because you need to protect against questionable behaviour, I recommend that every treasurer should be approving the invoices for the building because they know their building better than almost anyone else. While I agree the strata manager should be […]
This is the single biggest invoice a strata building will pay each year, it is also the highest risk item if not done correctly. Yearly Questions/Review Items:- what is the premium being paid what are the fees being paid to the broker, strata managers, any other people involved what are the sub-limits on each policy […]
If you own a strata apartment you will be familiar with strata levies, but do you understand what they get spent on and why? Strata levies are the invoices you get every quarter, six monthly, or 12-monthly from your owners corporation. Strata levies are unavoidable, and they are not an optional expense, if you are […]
The budget and levies of a strata apartment building are the single most crucial part of strata. Because nothing else is possible or matters if you aren’t about to pay for it. Striking the right balance between levies raised and money in the bank is always difficult. But to help you get your owners corporation […]
[one-half-first]As the treasurer of a strata building you will find yourself, at some stage, requested to make a decision about the investment of surplus funds. As Strata buildings grow larger and older it is becoming more common for buildings to have over $500,000 or even $1,000,000 in surplus funds for future major works. Now the […]