Buyer Appeal Part 4: A Healthy Sinking Fund
June 3rd, 2015
When a corporation is brand new this may seem irrelevant when in fact,?a healthy Sinking Fund?is another key point buyers look for.
It?s important to plan in advance the major works that will likely need to take place in the first 5 ? 7 years and budget for them; exterior painting is often a big ticket item on this list. At the first Statutory General Meeting when levies are raised the sinking fund should be at a level to ensure that when the time comes, funds are available without owner?s needing to dip into their pockets for a hefty special levy.
Related Articles |?Part 1: Privacy & Ownership,?Part 2: Hassle Free, Easy Living,?Part 3: Professional Body Corporate Management,?Part 5: The right insurance cover
