Does the Strata own the Geo-exchange system?
The strata corporation can purchase the geo-exchange system for $10.00 once the 8-year term of the lease expires. For the first 8 years some of the equipment is owned by the leasing company. The lease has an initial value of $125,000. This partially offsets the additional cost to the developer of installing the system. The savings in energy costs is estimated to be greater than the lease payments so purchasers enjoy an immediate financial benefit. Once the lease is paid off the owners will own the system that provides hot water and space heating and cooling at significantly less energy cost than conventional systems.
Related Questions
- Would I still use broadcast media plans or media estimates even if we e using a media buying system like SmartPlus, Strata, or TAPSCAN?
- Are the costs of conveying company title, strata title, torrens title and old system title the same?
- Is it absolutely necessary that every Practice uses the prescribed CDL Strata centralised system?
