30 Oct Your body corporate has a 10-year maintenance plan; now what?

Sectional title legislation requires all sectional title schemes to have a 10-year maintenance plan, also referred to as a maintenance repair and replacement plan (MRRP), which estimates the maintenance cost required by year over a period of 10 years.  This plan does not generally include day-to-day maintenance items as those are allocated to the administrative budget. Let’s consider why a 10-year...