News Post

The 10 year maintenance, what items must be included in the plan - part 2

In Part 1 we looked at Prescribed Management Rule(PMR) 22 which requires that schemes MUST prepare or have prepared a written maintenance, repair and replacement plan for the common property.

The rule goes further to state exactly what items must be included in the plan:

1. The first part of the plan

  • Major capital items that will require replacement in the next 10 years – these are items integral to the functioning of the common property or buildings and include wiring, electrical and lighting systems, heating and cooling systems, waterproofing, plumbing, lifts, security systems, roofing, drainage and the like.
  • The present condition or state of repair of each of these capital items
  • The time when these items or components will need to be maintained, replaced or repaired
  • The estimated cost to maintain, repair and replace the items or components of the items
  • The expected life of those items or components once maintained repaired or replaced.

It is evident that the degree of knowledge and specialisation required to compile this report exceeds a layman’s capabilities.

Trustees have a fiduciary obligation to all members of the body corporate. Taking into account the far reaching consequences of the 10 year maintenance plan, it is strongly recommended that a team of professionals be sought to assist the trustees in compiling the plan.

In Part 3 of this newsletter we will look at what must be contributed to reserve fund for the maintenance plan.

Article courtesy of Marina Constas and Karen Bleijs Demystifying Sectional Title