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 […]
What is a body corporate reserve fund? A body corporate’s reserve fund refers to a designated pool of money set aside by a collective ownership entity, to cover future expenses related to maintenance, repairs, and replacement of common property or shared assets. The reserve fund is typically funded by contributions from the individual owners in […]