Body Corporate information
If you own or live in a unit-titled property, you will be a member of a Body Corporate. The Body Corporate is responsible for the general well-being of your building Ė making sure that it is maintained, insured, the rubbish is collected and the lawns mowed Ė and that is the minimum that you should expect. More importantly, the Body Corporate is a legal entity and framework for the ownership and management of land and associated buildings and facilities on a socially and economically sustainable basis by communities of individual owners.
Running a Body Corporate is akin to running a business. You need to plan, you need to budget and you need to get everybody onside.
And itís something that you have to do. You canít ignore it and you canít opt out of it.
So how do you manage a Body Corporate? Let us explain.