10-Year Maintenance, Repair and Replacement Plans for Sectional Title Schemes: What you need to know
A body corporate has the responsibility to plan for the maintenance, repair and replacement of their scheme’s major capital assets. According to the Sectional Titles Schemes Management (STSM) Act, all sectional title schemes are required to have a 10-year maintenance, repair and replacement plan (MRRP) in place. Below are the most frequently asked questions we […]
Bodies corporate are responsible for managing and maintaining the common property of their sectional title scheme. This includes preparing a 10-year maintenance, repair and replacement plan to ensure that the property remains in good condition and to identify potential issues before they become costly problems. In order to fund this plan, along with the reserve […]
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