Operations of a body corporate managed by Ace Body Corporate Management
Ace Body Corporate Management says that this meeting sets the budget and looks after any concerns of the members. There are "contributions" which the members need to pay each year. The amount that is to be contributed by each member is worked out on the basis of the table called "lot liability" included in the plan.
The main component of the budget is generally the insurance premium. Other components are the grounds maintenance, caretaking, repairs, common lighting, maintenance of essential services as well as the manager’s fees. Bodies corporate funds; some operate on a small margin, while others plan ahead and collect some funds for major jobs like painting, fencing, guttering replacements, paving, etc.
The bodies corporate managed by Ace Body Corporate Management are responsible for ensuring reinstatement insurance is proper for buildings along with insurance for public liability. The advisor firm is also responsible for the maintaining all services that connect into the building and grounds, ensuring the adequacy of public lighting, general upkeep, exteriors and the common grounds. The upkeep and maintenance also include common items like intercoms, car and pedestrian security gate and public lighting. 12.12.2007
Contact Ace Body Corporate Management
Tel: 03 9585 3055
