An Owners Corporation maintenance plan covers a number of items, which include:

• Major capital items for repairs and/or replacement over the next 10 years

• The present condition of those items

• When the items or components will need to be repaired or replaced

• The estimated cost of their repair and replacement

• The expected life of those items or components once repaired or replaced.

A Maintenance Plan must be implemented if your Owners Corporation has an annual general levy of $200,000 or more or has 100 Lots or more. 

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