Long Term Maintenance Plan

As owners, we all want our timeshare to remain safe, enjoyable, and valuable. One of the key tools for achieving this is a Long-Term Maintenance Plan (LTMP).

An LTMP is essentially a roadmap for maintaining and repairing the property over many years. It helps the Body Corporate Committee (BCC) plan ahead so that everyone’s investment is protected.

The Unit Titles Act 2011 mandates that the Ridge Resort has to have a LTMP – and it must cover the next 30 years, although only the first 10 years are required to be provided in detail.

Benefits of a Good LTMP:

• Predictable Costs: Helps set owner levies fairly and avoids sudden “special levies” for unexpected repairs.

• Proactive Maintenance: Repairs and replacements are done before problems become urgent and expensive.
• Transparency: Owners can see what maintenance is planned, when, and why.

• Property Value Protection: Keeps units in good condition and preserves resale value.
• Risk Management: Reduces safety risks and ensures compliance with building regulations.

The Unit Titles Act 2011 requires the LTMP to be reviewed at least every three years to ensure that the necessary maintenance work and associated costs remain current.

Risks of Not Having a Good LTMP:

Without a robust LTMP, the risks increase significantly:

• Unexpected Costs: Urgent repairs can lead to huge special levies, often at inconvenient times.
• Declining Property Condition: Deferred maintenance can result in costly damage and a less enjoyable stay for owners.
• Disputes Among Owners: Lack of clarity on maintenance responsibilities or costs can create tension and mistrust.

• Lower Property Value: Poorly maintained units are harder to sell or rent.
• Higher Risk Exposure: Safety hazards may arise, and insurance claims could be affected if maintenance isn’t properly planned.

In short: An LTMP isn’t just paperwork—it’s a tool that protects your investment, keeps the property safe, and ensures everyone’s levies are managed fairly.

How is this relevant to the Ridge Resort?

The Ridge Resort does have a LTMP. This was approved by the BC committee in late 2024. However, a number of concerns have been raised about its accuracy and relevance in terms of costs and other work that is seen to be needed currently. Those concerns are so great that Classic Holidays use their own version of the LTMP rather than the official, agreed plan. Any review of the current plan could be left to 2027 (at the end of the 3 year review period) but Section 157C of the Unit Titles Act mandates that where there are concerns that may have a material impact on the LTMP, then the plan must be reviewed as soon as practicable.

The down side of this is the associated cost of developing a new plan. The Act requires that a “suitably qualified professional or professionals” must be consulted in the development of the plan. It is important to do this as neither the BC committee nor Classic Holidays have this knowledge.