A 10-year maintenance plan enables the body corporate to proactively budget levy contributions for regular and necessary maintenance activities. Upholding the curb appeal of a community scheme enhances the market value of the individually owned units.

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The law prescribes that trustees must present a written maintenance, repair, and replacement plan for common property, outlining major capital items expected to require attention over the next 10-years, including -

• the current condition of assets,

• their expected remaining life-span,

• a time schedule for planned maintenance activities, and

• a projected cost estimate for such activities.