It is intended that a ‘whole building approach’ will be taken to remediate relevant defects and to improve the safety of all occupants in the building. This means that all parts of the building (e.g. the common areas, the individual apartments etc.) must be considered together when addressing defects. In light of their existing legal responsibilities and ownership of common areas, Owners’ Management Companies will be funded to carry out the necessary remediation works, with specific limitations or exemptions on certain commercial owners.
The amount of funding will depend on the nature and extent of defects to be remediated.
