Maintenance Funds – The Benefits
Many of the developments lpm manage operate a Maintenance Fund. This is a separate fund to which each homeowner contributes on a regular basis.
The main purpose is to have funds in place to be able to finance, planned future maintenance works, such as painting stairwells etc.
This budgeting practice can help reduce the financial impact of large, unforeseen maintenance works and is an effective way to plan the expense of long term, anticipated costs.
Contact your dedicated Estates Manager for more information on Maintenance Funds.
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