What Are Body Corporate Fees. How are body corporate and strata fee calculated What do body corporate fees cover? Body corporate fees are generally used to cover the maintenance of the building and repairs to common areas Some of the specific things that body corporate fees may cover include: Cleaning and gardening of common areas
Body Corporate Fees In Australia Everything You Need To Know To Minimise Strata Scheme Fees from stratajem.com.au
What do body corporate fees cover? Body corporate fees are generally used to cover the maintenance of the building and repairs to common areas While these fees might be another expense a property investor or homeowner needs to budget for, they are necessary to maintain, repair, and insure the property..
Body Corporate Fees In Australia Everything You Need To Know To Minimise Strata Scheme Fees
Does the complex have a lift, gymnasium or swimming pool? If so, costs to maintain these types of facilities can be significant Body Corporate fees cover everything from building insurance and maintaining common areas, to shared utilities, building works, and repairs Body corporate fees, also known as levies, cover the maintenance, management, and administration of shared areas and facilities
Body Corporate Fees Townhouse and Apartments. Body corporate fees and levies typically go towards the following: Regular maintenance and upkeep of common areas: For example, hiring a gardener to maintain a shared area, or a cleaner to take care of the lobby area and lifts. Your levies help cover everything from insurance to shared utilities, building works, repairs and maintenance
What happens to the money you pay for body corporate fees?. Body corporate fees (levies) are the life blood of every body corporate scheme Body corporate fees or levies may seem expensive, but they cover all the regular costs of managing and maintaining the common areas of your property