IQ Apartments

Allowance based on our general understanding of the building with reference to other similar buildings in our portfolio

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Maintenance - Gardens & Grounds

Expenses relating to unforseen maintenance of common areas and plumbing infrastructure

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Maintenance - Building & Plumbing

Nothing in the first year, covered under DLP. Second year expenses relate to maintenance of car park exhaust equipment and other miscellaneous fans not specified on the plans such as lift motor rooms, waste rooms. Nothing in the first year, covered un DLP. Second year expenses relating to unforseen maintenance of electrical equipment and infrastructure of the common property such as lighting etc. Makes allowance for light bulb replacement (labour to be included in the building cleaner/manager role) based on an average of 20-40 bulbs per month at a cost of $7.50 + GST per bulb Expenses relating to maintenance and servicing of lift mechanics for 8 lifts as well as the cost of emergency call outs resulting from failures and breakdowns. Assumes 12 months of costs are covered as part of the installation of the equipment as negotiated by the developer/builders. Year one based on $500 as a nominal fee + $4,500 per lift for preventive scheduled maintenance and servicing per year thereafter in accordance with average lift maintenance contracts Nothing in first year budget. Second year budget an allowance has been allocated for unforeseen repairs and maintenance to the security system made up of swipe readers to all perimeter entrance, basement roller door and entrances and intercom to all units. Expenses in relation to the consumption of water for common property and apartments. Assumes an average apartment consumption cost of $220 per units p/a with an additional allowance for common property of $5,000 to cover common area landscaping 5% loading on all expenses to allow margin of estimations error. Note this margin will not be included as a line item in the actual budget upon registration. Other expenses may absorb a portion of this margin if required Nothing in first year budget. Allowance relating to point of entry, substation, MSB and essential services Nothing in first year budget as it's covered under DLP. Second year budget allowance has been allocated

Maintenance - Mechanical Plant and Equipment

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Maintenance - Electrical

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Maintetance - Electrical Plant

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Maintenance - Lift (Residential Only)

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Security

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Maintenance pumps/hydraulic plant etc

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Water

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Contingency