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Good Afternoon All,
Our strata plan has a 10 year sinking fund plan – hopelessly out of date – and it should be updated.
I guess I have to drive this project. Our strata is a small (4 townhouses, inner west Sydney Metro area, circa 1995 construction.) Our plan does not have large common areas, pool or lift etc. Basic requirements, as I see it are painting, replacement of wooden railings on balcony s – due now I believe – and that is about it. Is there a template I can use to develop the 10 year plan? I am aware that there are firms which specialise in the preparation of the 10 year plans; however, I would like to avoid the expense if I can do it myself.
I am not overly experienced in this area, am I sailing into dangerous waters?
What are the statutory and/or legal requirements in this area?
Regards,
Dudley