Important changes to the provision of LTMP’s (Long-Term Maintenance Plans)

ltmp important provision changes

There have been important changes to the provision of LTMP’s (Long-Term Maintenance Plans). CoveKinloch New Zealand is long established as a service provider in the field of Long-Term Maintenance Plans. We have evaluated the changes to the provision of LTMP’s outlined within the Unit Titles Amendment Act 2022 and concluded to implement them into our refreshed and focused LTMP service provision effectively immediately.

The key change to the provision of LTMP’s (Long-Term Maintenance Plans)  is the inclusion for Large Body Corporates (10 Units and above) of the 11-30 Year provision of “a high level indication of expected cost of maintenance and replacement of the items covered by the plan in respect of years 11-30.”

If you require an offer of service for a Long-Term Maintenance Plan for one of your body corporate clients, then simply email either;

Jason Timms, Auckland, jason.timms@covekinloch.co.nz

Ron Thomas, Wellington, ron.thomas@covekinloch.co.nz

Further details of the Unit Titles Amendment Act 2022 as it relates to LTMP’s can be found here.

ltmp important provision changes