Community schemes and heritage buildings
Usually, bodies corporate rely on valuers to provide them with building replacement value. However, trustees and insurance advisors need to be aware that sometimes heritage buildings are not declared upfront…
valuations
Sectional title insurance and the value of regular valuations
Since 2016, Prescribed Management Rules require a building valuation to be done at least every three years. In addition, these rules also require that such valuations be tabled at the…