What expenses does a sinking fund cover?

The money in sinking funds can be used to cover strata building expenses for common areas of the property, such as:

• Painting
• Lift repairs or upgrades
• Driveway replacement or refurbishment
• Fencing repairs or replacement
• Replacing, fixing or upgrading common property such as carpets, roofing and guttering
• Any other emergency expenses

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• What is a sinking fund?
• Do you need a sinking fund forecast?