News

Tip 48 – Sinking Fund – Russian Roulette

If your sinking fund is looking low compared to your sinking fund forecast then you must top it up.  If the gap is a big one then it can be a good idea to get a quantity surveyor or architect on board to advise how the maintenance and capital repair program can be managed while you go through the topping up process. By taking advice you’ll likely be able to minimise the impact on owners whilst at the same time setting the sinking fund to rights.  If you don’t, then odds are you’ll end up with a big special levy, when you least expect it.