Every body corporate must have a long-term maintenance plan. It's the backbone of fair levies and avoiding surprise special levies.
Expected maintenance and replacement of common property and building elements, with estimated costs and timing, so the body corporate can budget ahead.
Following the 2022 amendments, plans must cover a longer horizon (at least 30 years) and be reviewed regularly. Check the current regulations for exact review timing.
The plan should drive your long-term maintenance fund contributions, so costs are shared fairly between current and future owners.
Flatflo keeps the plan, reminds the committee when reviews and works are due, and shows how the plan affects each unit's levies.
Yes. Every body corporate must have one, regardless of size.
Yes. Buyers receive information about the plan as part of disclosure.