Maintenance plan & levies

An Owners Corporation maintenance plan covers a number of items, which include:

  • Major capital items for repairs and/or replacement over the next 10 years
  • The present condition of those items
  • When the items or components will need to be repaired or replaced
  • The estimated cost of their repair and replacement
  • The expected life of those items or components once repaired or replaced.

A Maintenance Plan must be implemented if your Owners Corporation has an annual general levy of $200,000 or more or has 100 Lots or more.