A 10-year forecast that lists the big, infrequent jobs required to maintain the building and how much money the owners corporation should save in the capital works fund each year in preparation for the work. Examples include lift replacements or external painting.
Important notice. This information is general in nature and does not constitute legal advice. Unless indicated otherwise, this information is based on New South Wales strata laws and practice. Strata laws, terminology and procedures differ across the different Australian states and territories. For more specific advice on your particular circumstances contact us for a referral to an appropriate expert.
Back to FAQs
