#36590
Jimmy-T
Keymaster

    There is no legal requirement to either prepare a professionally assessed capital works fund (formerly the sinking fund) or to strictly finance the estimates that are prepared.  That’s why so many buildings discover they have a shortfall in their finances when things start to go wrong.

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.