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News blog

Using the sinking fund to sort your common areas

Body corporate managers would be well advised to budget in their sinking funds for repairs to asphalted common areas to ensure that potential trip hazards don't lead to expensive law suits down the track. With personal accident injury claims on the rise, a little money spent now on repairs may avoid expensive and detrimental insurance claims later. Also, keeping your asphalt areas well maintained may help the property's value keep track, to the benefit of all the body corporate members.
July 20th 2016