Body Corporate Tips: Emergency Expenditure

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Emergencies happen. It’s part of the body corporate’s job to prevent and manage these things from happening. That’s why it’s so difficult that there’s no one formulaic way on how to handle each and every single emergencies.

This article from Stratacare shares with us some tips on how to handle emergency expenditures. It’s a great resource for bodies corporate everywhere as it dispenses some general tips that can be applied to a wide variety of situations and circumstances. “The committee can apply to the Commissioner’s Office to obtain an order authorising the expenditure (or shortening the time period to hold a general meeting),” reads the feature.

We at Vertical Living Magazine can definitely see how this article can be useful in strata living. It’s a helpful piece that you can go back to at any time.

Read the source article at Body Corporate Services