#25580
Jimmy-T
Keymaster

    @ROBYN SHORT said:
    Hi, if anyone kindly please has an insight on the extent to which a consulant firm is necessary to report on a sinking fund in a 21 unit block, will be glad of your reply. Thank you  

    As Cosmo says above, not necessary and, for a 21-unit firm, maybe not even desirable.

    This has been discussed many times and at considerable length most recently HERE.  Click on the link and scroll down to item 6 (where a fresh discussion starts) and you will find a lot of ideas and tips on how to do this efficiently and inexpensively.

    Just making a list of all the areas of common property, when they were last repaired or maintained (if at all) and how much it cost would be a start.

    That said, if there is no one on your committee or in your building that has even that level of expertise, maybe you do need a consultant after all.

    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.