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April 18, 2024

What Will My Body Corporate Fees Cost?

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Body corporate fees are payable by every member of a body corporate. A body corporate is a legal entity or structure that is created when land is subdivided and registered. Upon this land, multiple dwellings are built, such as an apartment building, with the land collectively owned by all purchasers.

When you purchase an apartment that is held within a body corporate, while you own the apartment itself, you only hold a share in the common property and amenities. The body corporate fees, which are generally proportioned to the size of the apartment you own, are pooled with those of other residents and used for maintenance of the shared assets. You can expect that a property with multiple common areas and amenities such as pools, elevators, gardens, and gyms will have higher fees than one which does not. The location of the property itself also plays a role, as does the property age, size, and number of dwellings it has.

What Do Body Corporate Fees Pay For?

There are multiple services that your body corporate fees may encompass, including:

  • Building manager fees – many body corporates will have a paid building manager who is responsible for liaising with owners and organising maintenance and other directives received from the body corporate committee. As well as wages, some body corporates offer their building manager onsite accommodation as part of their remuneration package too.
  • Upkeep and cleaning of common areas such as the lobby, gardens, and swimming pools – the maintenance and cleaning of all common areas are covered, ensuring that they are always presented to a high standard and can be enjoyed by all.
  • Insurance which covers the building and associated facilities – while you are responsible for the insurance of your apartment and belongings, the fees you pay will cover damage and repairs to the buildings and common areas and possible liability and employee coverage.
  • Compliance with local regulations for building and infrastructure safety – safety inspections and reports, fire alarm testing, electrical certification and other testing requirements for the building and common areas are completed on your behalf. Any certifications from local authorities will also be obtained and kept valid.
  • Future sinking fund for additional maintenance and renovations – as a building ages, there is a need to plan for the additional costs for repairs and updates that will be required. A sinking fund is often created with part of your fees being added to it.
  • Security and caretaker fees – the body corporate will engage the services of professionals to assist them in meeting their requirements towards property maintenance. They may also employ people to provide services to residents, such as a concierge and security.
  • Special levy – some body corporates require payment of a special levy which may be included within your fees or an additional cost. A special levy may be collected due to unexpected damage or required maintenance to a part of the property or to cover any legal costs.

It is important to realise that like almost everything, body corporate fees are almost certain to rise over time. You will also be required to follow the body corporate regulations and rules as to what you can and cannot do, and you should receive voting rights when it comes to major property decisions. As for living in the property or renting it out, with so many tasks being undertaken on your behalf, what will you do with all of your free time?

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Air BNB Property Management Gold Coast Area

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If you own a holiday home in the Gold Coast area, it can be a great way to bring in a good income. However, managing the property takes a lot of time and effort. If you do not live close to your property or if you have other full-time employment, you would not have the time to manage your property yourself. This is where an Airbnb property manager can help you.

The Benefits of Hiring an Airbnb Property Manager

The property management company can handle everything relating to your holiday home on your behalf.

Listing Your Property

From writing a fabulous description to taking attractive photographs of your house, the property management company can showcase your holiday home in the best way to attract potential guests. They can even help with styling your house. They can list your property in directories where travellers look for lodging.

Dealing With Guests

When a guest wants to rent your house, the property manager will deal with all aspects of the rental including processing payment and managing the keys. If your guests have any questions about the property, the property manager will respond to them on your behalf. They will consult you first if needed, but you do not have to deal with the guests yourself because the property manager will communicate with them. 

Responding To Problems

If any problems arise during your guest’s stay, your property manager can respond to them right away because the manager is local. You do not need to travel all the way from your home to deal with it. Whether the problem is a leaking faucet, pest problems, or any concerns about your house, your property manager will deal with the issues and keep you apprised of the situation and resolution. This will save you the time and hassle of dealing with the problems yourself.

Maintenance and Housekeeping

Any house will need regular maintenance. Your property manager will take care of those issues. They will deal with any services that are called in to fix a problem like plumbing repairs, electrical repairs, malfunctioning appliances, and more. The property manager will get your approval before any repair work is done, but you would not need to deal with the service providers because your property manager will take care of that. They will also take care of housekeeping so your house will always be sparkling clean before your guests arrive.

Provide Regular Reports

The property management company will provide reports on the house whenever you want it. They can keep you apprised on the guests’ satisfaction, income generated, operating expenses, and more. You will be fully informed on how your property investment is doing.

Contact BnB Booking For Your Property Management Needs

BnB Booking is the leading holiday property manager in the Gold Coast area. They can do all of the management work from listing your house, preparing your house for your guests, and taking care of any needs that your guests may have. Call them today and let them manage the rental for you while you sit back and enjoy the extra income.

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The Advantages Of Eye Lens Implants

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The endothelial cells that line the eye’s surface help to pump fluid out of the cornea. However, if the number of these cells is low, this pump can fail. As a result, endothelial cells are not replaced naturally as they age. While they do grow back with age, some lens designs actually decrease the number of these cells faster. If this is an issue, a multifocal IOL could be a great option for you.

Multifocal IOLs provide excellent distance vision

Using a multifocal eye lens implant provides patients with excellent distance vision, but there are disadvantages. This lens is not suitable for everyone, as it can reduce night vision. Despite these benefits, it is important to understand the pros and cons of this new technology. It may not be suitable for everyone, especially those who work in low-light environments or frequently drive at night. Multifocal IOLs can be a worthwhile option for those who want to keep their night vision unimpaired.

A multifocal IOL contains concentric focusing rings that extend from the center to the lens periphery. Each ring corresponds to a different focal point and can give the patient excellent distance and intermediate vision. A multifocal IOL provides excellent distance and intermediate vision after surgery. Near vision may improve quickly following surgery, but most patients adjust to the short adjustment period. In some cases, a multifocal IOL is not recommended for people with glaucoma or astigmatism.

The Tecnis multifocal IOL developed by Abbott Medical Optics was approved in 2005 and offers 20/25 vision quality. Although multifocal IOLs do not provide distance vision, they don’t require wearing reading glasses. Depending on your needs, a monofocal IOL may be better. These lenses have a few disadvantages, though, including increased glare from lights and halos.

Patients who have multifocal IOLs may also experience some disadvantages. They may experience mild glare or halos. Despite these disadvantages, multifocal IOLs typically deliver excellent distance and intermediate vision. Despite the disadvantages, patients can work comfortably with this lens and without glasses. This lens is highly recommended for people with poor vision or who are not yet ready for a traditional multifocal eye lens implant.

Many patients experience halos around lights after dark. These halos will fade with time, but patients who experience persistent night vision problems will likely be able to adapt to them. In addition to their distance and near vision benefits, multifocal IOLs are compatible with astigmatism. Thousands of patients receive these surgeries each year, and the success rate is extremely high. The best multifocal IOL will provide excellent distance vision, while at the same time improving the quality of life for many people.

They are safe and comfortable

Cataract surgery is generally a safe and comfortable procedure. The procedure lasts less than an hour, and you will likely only need to remain still during the surgery. After the procedure, you may experience some minor discomfort, such as sensitivity to light and a feeling that something is in your eye. Your doctor may prescribe some pain medication to ease your discomfort. However, if you experience excessive pain, you should contact your doctor as soon as possible.

Toric intraocular lenses are custom-made for each individual patient. They are quite expensive, however, and may not offer the full range of vision correction. Additionally, you may need to have the procedure repeated every few years, as your eye condition changes. In either case, the procedure is done in a sterile environment under local anesthetic. Patients may also opt for general anesthesia, but they remain conscious throughout the procedure.

During the procedure, an incision is made in the cornea, sclera, or limbus. An implantable lens is inserted through this incision. The lens sits in the anterior chamber of the eye, in front of the iris. Afterward, patients will need to wear sunglasses or sleep with an eye shield. The recovery period is generally short. However, if you are concerned about the pain and discomfort, opt for a surgery that is less invasive.

While the procedure is relatively painless, complications and discomfort may still occur. The implanted lens may not be ideal for you. People who suffer from eye dryness, are nearsighted, or have other problems with their vision may not be good candidates for this procedure. Furthermore, individuals with glaucoma or other problems may be better served with a monofocal implant. If the procedure is a good candidate, you may be able to drive safely and comfortably without contact lenses.

Premium IOLs have come a long way in the past decade. They are a good option for many patients, allowing them to enjoy the benefits of spectacle independence and excellent visual function. However, there are still risks associated with premium lenses. Patients should undergo a thorough examination and history before opting for this procedure. It is essential for the eye surgeon to thoroughly evaluate patients with certain conditions, such as astigmatism, and to ensure that the treatment is appropriate for the patient’s needs.

They are effective for a variety of maladies

Aside from being effective for a variety of maladies, eye lens implants can also be effective for some more minor conditions. For example, patients with severe nearsightedness can benefit from this procedure. However, if glaucoma is causing your vision problems, eye lens implants could be an option. These procedures are relatively easy to perform and should not take more than an hour. Patients should plan on needing someone to drive them home after the surgery.

There are several types of eye lens implants available. The most commonly used is the intraocular lens implant, which is an acrylic replacement for the natural lens in the eye. It acts like the natural lens, bending light rays to focus images. The implant eye lenses can be set to focus on near vision, distance vision, or a combination of all three. You can also get a monofocal IOL, which focuses on only one distance, or a multifocal IOL, which has different focusing areas. The implant may take several months to adjust, so it is important to work with a professional before making any final decisions.

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