It also forecasts their costs.Ĭheck the records from your last annual general meeting (AGM) or ask the secretary or strata manager for a copy of the 10-year plan if you don’t have one. The plan predicts what major repairs might be needed. The owners corporation must also make a 10-year capital works plan. The money in the fund comes from strata levies. ![]() This makes sure major repairs can be paid for. It must put aside money into a ‘capital works fund’ (previously called a ‘sinking fund’). It is the job of the owners corporation to plan for repairs and maintenance. It helps solve disagreements between owners and the owners corporation. If the owners corporation refuses to make a repair, consider asking for mediation offered by NSW Fair Trading. Learn how to submit a motion in strata meetings. This will go on the agenda of the next owners corporation meeting.Ī ‘motion’ is a request to discuss something at a meeting. If the owners corporation does not make a repair, you can submit a ‘motion’ to ask for it. You may be able to call an emergency tradesperson and recover the money from your landlord.įor more information, visit the Fair Trading webpage on tenancy repairs and maintenance. If it is outside business hours (or you are unable to reach them), check your agreement to see what repairs are judged as an 'urgent repair’ and if the agreement lists any nominated repairers. Tenantsįor any repairs, you should contact your real estate agent or landlord. Some strata managers have a list of emergency tradespeople you can use on their website. Ask the tradesperson to give you written details explaining the problem and what was done to fix it. To get your money back, you might need to show it was right for you to call the tradesperson. Then you can ask to get the money back from the owners corporation. ![]() You might do this if it is outside business hours (or you can’t reach the strata manager, building manager or secretary on the strata committee). Sometimes, you may call an emergency tradesperson. An example is if a burst water main floods your property. Emergency repairs Ownersįor an emergency repair, contact your strata manager, building manager or strata committee secretary. ![]() This may include a ‘ special levy’ to cover the cost of the work. If major repairs are needed, the owners corporation may have to meet to decide what to do. If you are a renter, contact your landlord. They will get the repair done, or tell you if you must do it yourself. You can also contact them if you think they need to make a repair in your property. If you see common property that needs repair, tell your strata manager or strata committee.
0 Comments
Leave a Reply. |