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What is a Body Corporate? How does it work?

Whenever land is sub-divided and registered as a unit title development (i.e. apartments or units) then a legal entity known as a Body Corporate is created. The Body Corporate members are all of the individual owners of a unit or flat within the development or apartment block. Most Body Corporates establish a committee, who perform administration and tasks and represent the interests of all of the owners.
  • The Body Corporate is responsible for the management and maintenance of the units or flats, ensuring they are kept to a good and tidy standard
     
  • The Body Corporate will have (or produce) a set of rules that every owner will need to follow. These rules cover things like the use of shared access ways and how repairs or maintenance costs will be attributed to each owner.
     
  • The Body Corporate will typically charge an annual levy to cover basic ongoing expenses (e.g. rubbish collection, utilities for common areas, insurance etc.).  They may also levy one-off payments for extraordinary expenses (major repairs or renovations, or changes to rent if the premises are leasehold). 
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