Negative Administrative Fund

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  • 30/01/2013 at 4:05 pm #8673 Reply | Quote
    dragonfly
    Flatchatter

      We are looking at buying a strata flat in NSW, and have just got the strata report back.

       

      The balance of the administrative fund is -$4500. The sinking fund seems healthy at $42,000. The building has 18 flats. 

       

      Is this negative administrative fund balance something we should be concerned about?

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    Reply To: Reply #23044 in Negative Administrative Fund
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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