Increase or stay – the age old levy debate
No one likes it when their living costs increase but when it comes to maintaining a corporation, there are a number of well founded reasons why they should... and not so many for keeping them the same. Read the full article here; 'Beware the strata committees opposed to rising levies',?Jimmy Thomson, Flat Chat col
Read MoreBuyer Appeal Part 5: The Right Insurance Cover
Insurance is the Developer's responsibility for the first 6 months following a development?s completion ? so it?s imperative that the correct cover is taken out to not only protect the corporation and its new owners, but to avoid a $15,000 penalty for failing to take out cover. When it comes to Corporation Insur
Read MoreBuyer Appeal Part 4: A Healthy Sinking Fund
When a corporation is brand new this may seem irrelevant when in fact,?a healthy Sinking Fund?is another key point buyers look for. It?s important to plan in advance the major works that will likely need to take place in the first 5 ? 7 years and budget for them; exterior painting is often a big ticket item on t
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