Insurance
Valuations
The Body Corporate and Community Management Regulations requires that a body corporate must be insured for full replacement value, which includes the above items such as removal of debris and consultants fees. The regulations also require that a valuation be carried out a minimum of every 5 years.
Regardless of the original construction cost, to ensure you are properly insured for an insurable event the estimate must include; escalation, demolition/removal of debris, re-design fees and local authority application fees. These are all significant costs over and above the construction cost.
practicable and affordable solutions across a range of streams including
Fire Safety
Insurance Valuations
Work Health & Safety
Sinking Fund Forecasts
Tax Depreciation Schedules
Latest Compliance News
THE CHRISTMAS STRATA RUSH: WHY IT HAPPENS—AND WHY WE ALL NEED TO TAKE A BREATH – Smart Strata | Body Corporate Management
THE CHRISTMAS STRATA RUSH: WHY IT HAPPENS—AND WHY WE ALL NEED TO TAKE A BREATH As the year draws to a close and workplaces prepare for the traditional two-week shutdown, something entirely predictable—but still always surprising—happens across the strata industry: the...
WHAT TO DO IF YOUR BODY CORPORATE RECEIVES A PAYMENT CLAIM – Smart Strata | Body Corporate Management
WHAT TO DO IF YOUR BODY CORPORATE RECEIVES A PAYMENT CLAIM Payment Claims and Pitfalls: What Bodies Corporate Must Know Bodies corporate in Queensland are often involved in building projects, from minor repairs to major upgrades. With construction comes the risk of...
STOPPING SMALL GLASS ISSUES BECOMING BIG PROBLEMS – Smart Strata | Body Corporate Management
STOPPING SMALL GLASS ISSUES BECOMING BIG PROBLEMS A Preventative Maintenance Guide for Strata Committees A tiny chip, a sticky sliding door or a window that does not sit quite right can seem harmless enough. But in strata buildings, these small glass issues often...
COMMUNICATION STYLES: ADAPTING FOR BETTER COMMITTEE OUTCOMES – Smart Strata | Body Corporate Management
COMMUNICATION STYLES: ADAPTING FOR BETTER COMMITTEE OUTCOMES “A good strata manager doesn’t just know the legislation — they know how to translate it for every audience in adaptable communication styles.” Understanding Different Communication Styles No two committees...