Tailored and strategic LTMPs to inform sensible budgeting and maintain the condition and value of multi-unit body corporate managed properties.
A Long Term Maintenance Plan or LTMP is a requirement for any unit title property in New Zealand. But rather than seeing LTMPs as a necessary box-ticking exercise, we encourage our clients to consider the value a good LTMP can add to your properties, by maintaining the condition of the building, and sensibly planning maintenance schedules and budgets to align with building owners' and occupants' needs.
We combine expertise in identifying building defects and maintenance requirements with our understanding of scheduling and budgeting maintenance strategies to produce customised LTMPs that work for you. Using our technical building pathology and performance knowledge, we make tailored recommendations on repair, replacement, maintenance, demolition or monitoring of building elements to inform effective financial planning of maintenance funds.
Building pathology experts
We know what it takes to repair buildings, so we’re in a strong position to outline the potential risks associated with the cause and effect of defects, and prioritise the timing of repairs or replacements.
We understand the:
- Legal and technical requirements of asset ownership
- Typical life cycle of each building element
- Specific location and use factors that may influence the building element’s performance over a given period.
In capturing both the present-day condition of the property and the ongoing maintenance requirements over the reporting period, we review:
- Asset plans
- Test certificates and warranties of specified systems
- Specialist reports (e.g. asbestos)
- Existing plans
- Health and safety plans
- Fire engineering reports
Stay compliant with the Unit Titles Act amendments
We are fully aware of the requirements of the Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act 2022 (the Amendment Act), along with the Unit Titles Amendment Regulations 2024 (the Amendment Regulations). So you can be sure our LTMPs support you in complying with the requirements of the act.
As well as providing new LTMPs, we can also review and assess existing LTMPs to ensure their compliance with the Unit Titles Act including the latest amendments.
Realistic and appropriate LTMP advice
We understand the challenges Body Corporates face in maintaining buildings. Keeping levies realistic and affordable, while safely maintaining your properties, is of the utmost importance. We will advise you on the impact of different funding strategies, making it clear when and where expenditure is necessary, so you get a tailored maintenance plan that supports your objectives and adds value to your property.
We work closely with our in-house Quantity Surveyors to ensure the budget and cost advice in your LTMP is clear and accurate. We can also be retained to oversee and deliver the maintenance process.
What you can expect from us
By choosing Prendos, you’ll be working with professionals with both technical skills and commercial market awareness to deliver success. We will:
- Provide relevant advice tailored to your individual needs
- Use our in-house Quantity Surveyors to provide accurate, present day cost advice
- Assist you with the appointment of third-party consultants – typically, we use mechanical, electrical and vertical services, structural, cost and fire engineering consultants.
