body corporate services

WHAT HAPPENS IF THERE IS NO BODY CORPORATE?

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A body corporate (also known as an owners’ corporation) is a constitution of owners who hold title to properties that have been subdivided on the parent title and where common property is shared by all owners. The rules in each State and Territory in Australia differ on whether a body corporate is legally required depending on the division of the properties. For example, in Victoria, a title that has been subdivided into two lots and where there is no common property (e.g. no common driveway or garden) can exist without a body corporate being automatically established. Often, owners will not […]Read More

strata company sydney

What Do I Own in my Strata Scheme and What is Common Property?

Posted on 4 CommentsPosted in Body Corporate, Hints for Strata Living, News, Owners Corporation Compliance, Strata Compliance, Strata Management

For any unit owner as part of a strata scheme, body corporate or owners corporation, the critical question is what is your unit (or lot) and what is common property. This will determined who is responsible for what and who pays. General Rule (subject to exceptions) The general rule applicable to the majority of strata schemes registered after 1 July 1974 is: The structures located on the solid thick line, such as, that shown above at the registration of the strata plan are common property. The ceiling , the structure of the floor including fixed tiles or floorboards, the electrical […]Read More