The purpose of the 10-year maintenance plan is to help stabilise the body corporate’s financial situation through preventative maintenance. This is achieved in combination with a cash flow forecast. Excel can be a powerful tool for creating intricate worksheets and financial forecasts…for expert-level users! But it does have some limitations when using it for the 10-year maintenance plan.
Mirfin’s 10-year maintenance, repair and replacement plan template revolutionises property management for trustees and managing agents by offering a hassle-free, efficient solution to an often complex and time-consuming task. This innovative tool allows users to effortlessly generate a comprehensive 10-year plan in a matter of minutes, without the need for specialised accounting skills. Click here […]
In the previous post, we addressed the most frequently asked questions regarding sectional title levies (read it here). In this post, we’ll explain how bodies corporate calculate these levies. Setting levies without bias When calculating sectional title levies, it is crucial to make impartial decisions. The process of determining body corporate levies should be transparent […]
What are body corporate levies and why are they important? In sectional title ownership, a body corporate is responsible for the management and maintenance of the common areas and facilities within a development or complex. Alongside the body corporate’s obligation to establish a thorough 10-year maintenance plan, each individual owner of a sectional title unit […]
Our website provides comprehensive information that addresses common queries about the reserve fund. In this article, we will provide a guide on how to calculate your body corporate’s reserve fund. Discover the Mirfin Dashboard, our online platform that automates the updating of your levies when modifications are made to your reserve fund. Creating a reserve […]
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