10 reasons why it’s a BAD idea to manage your 10-Year Maintenance Plan on Excel

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.

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 […]