How to Efficiently and Effectively Manage Common Property
Many Bodies Corporate have the luxury of unique and indulgent common area spaces. From pools, gyms, saunas, BBQ areas and more. While residents can relax and enjoy these common area spaces, many owners do not understand the consequences that come with not maintaining the common property of your building to a high standard. So, how can you efficiently and effectively manage common property areas? Common Property Condition Reports You […]
A Week in the Life of a Building Management Consultant
The life of a Building Management Consultant means no two days are the same. One day you may be at the Sunshine Coast conducting a common property condition report at a 10-lot scheme on the beach, the next you are at a 300-lot scheme in the Brisbane CBD putting together a sinking fund forecast. The […]
Sinking funds – What you need to maintain
Sinking Funds. It’s a term you may hear a lot if you are living in a Body Corporate but what does it actually mean? A Sinking Funds is effectively a deposit which exists to allow a Body Corporate to pay for repairs and maintenance of their building. Homes are like cars. If you want to […]
The Cost of Ignoring Safety
When you are on a Body Corporate Committee, you may not realise it, but you are running a business! You are managing levy funds, hiring contractors, directing workers, managing safety and more! All business owners have legal obligations under The Work Health and Safety Act 2011. Ignoring these responsibilities can personally cost you tens of […]
Sinking Funds and Your Body Corporate
One of the benefits of living in a Body Corporate is that everyone contributes to the future upkeep of the property. So, what is a sinking fund? A Body Corporates Sinking Fund is effectively a deposit which exists to allow a Body Corporate to pay for repairs and maintenance of a building. The money in […]
Building Management Checklist
Property assets need to be rigorously maintained to retain their value. However, many owners do not know or understand what is required to do this. Below we have created a building management checklist so you can ensure your building is well maintained and the value of your property is protected. Sinking Fund Forecast Purpose: A […]
Risks for Non-compliance in Your Building
Many Bodies Corporate are not aware of the risks associated with being compliant in their building. Throughout our many years in the industry we have seen the consequences that come with not being compliant. Failure to ensure your building is compliant can lead to: There could be two main reasons a committee may decide against […]
Does Your Building Have a Plan for the Future?
For most people, a sinking fund is an unfamiliar territory. A Bodies Corporate sinking fund is effectively a deposit which exists to allow a Body Corporate to pay for repairs and maintenance of a building. One of the benefits of living in a Body Corporate is the fact that everyone contributes to the future upkeep […]
The Cost of Not Maintaining Your Property
Many owners do not understand that consequences that come with not maintaining the common property of your building to a high standard. Throughout our many years in the industry we’ve seen the consequences that comes with a lack of planning combined with a poor standard of maintenance that results in buildings being not cared for […]
Fire Safety – What You Need and What You Should Ask
Why Does Fire Safety Legislation Exist? In Queensland we are governed by the Building Safety Regulations 2008, Building Act 1975, and Building Code of Australia. This legislation exists to prevent loss of life, injury to persons, and loss of property in situations of fire emergencies. Its two main goals are ensuring: Who is Responsible for […]
