#25484
Dudley
Flatchatter

    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    Our strata plan has a 10 year sinking fund plan – hopelessly out of date – and it should be updated.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