News Letters

Owners corporation news

Our newsletters keep owners, committees and investors up to date with legislative changes, insurance and maintenance tips, and practical guides to getting the most from your owners corporation.

What your owners corporation fees pay for

Levies fund the building’s insurance, cleaning, gardening, repairs, utilities for common areas, management and a reserve for future works. The annual budget adopted at the AGM sets the total, and each lot pays according to its lot liability.

Private or common property – who pays to fix it?

Your plan of subdivision shows where your lot ends and common property begins. As a rule, the owners corporation repairs common property and owners repair their own lot – but services, leaks and balconies can be less obvious, so check before arranging work.

Why insurance alone will not protect your building

Insurance covers sudden and unexpected events, not wear and tear. Claims can be reduced or declined where damage results from poor maintenance, which is why a maintenance plan is the best protection for your investment.

Five reasons to attend your AGM

The AGM is where budgets are set, the committee is elected, insurance is confirmed and major works are discussed. Attend in person, online or by proxy – it is your best chance to influence how your building is run.

Choosing the right owners corporation manager

Look for responsiveness, transparent fees, trust accounting, sound knowledge of the legislation and a manager who communicates before you need to ask. Switching managers is a decision for the owners at a general meeting.

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