Buyers Advocacy | Strata Fees Explained | TASS TV
Автор: TASSTVMELBOURNE
Загружено: 2025-02-07
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Buyers Advocacy Strata Fees Explained | TASS TV
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Strata fees also known as Owners Corporation fees by legislation are a necessary and important component of buildings with a common area shared by unit owners.
Here we spend time shedding light on the maintenance fund and to a lesser extent the administration fund which are the 2 funds that make up strata fees.
Whilst the administration fund tends to be the largest component of the fees, including the building insurance and the owner's corp managers' expenses, the maintenance fund focuses more on the “long term”.
Real estate is a long-term investment and the asset class has “wear and tear” and can become derelict and obsolete so a well-managed maintenance fund is critical for any owner or investor. “
#StrataFees #OwnersCorporation #MaintenanceFund #RealEstateInvestment #BuildingMaintenance #LongTermInvestment #PropertyManagement #InvestmentTips #RealEstateAdvice #StrataManagement #TassTV
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