Observe
Continuously understand the condition of the common property.
COMMON PROPERTY CUSTODIANSHIP
Common Property Custodianship is the structured, continuous responsibility for maintaining the condition, performance and operational resilience of shared property within a residential community.
THE CUSTODIANSHIP MODEL
The cycle repeats because infrastructure stewardship is not a once-off event.
Continuously understand the condition of the common property.
Translate defects, risks and lifecycle requirements into structured priorities.
Coordinate or perform agreed maintenance and corrective work.
Confirm work has been completed to the required standard.
Give Trustees and Directors evidence of condition, action and outstanding risk.
WHAT FALLS UNDER CUSTODIANSHIP?
Depending on the physical characteristics and SLA of the community, custodianship can encompass the full common-property environment.
THE DESIRED OUTCOME
Address causes and track follow-through.
Move from reactive response toward planned intervention.
Maintain asset, risk and maintenance evidence.
Connect current work with future capital needs.
Report condition, action and outstanding risk.
Understand the long-term operational health of the scheme.
NEXT STEP
ERCS can help your board establish a practical custodianship model suited to the community.