Owners Corporation

Bought an Apartment, Stitched Up by Owners Corporation Contracts
February 05, 2024
Bought an Apartment, Stitched Up by Owners Corporation Contracts

A Sobering Reality When it Comes to Owners Corporation Contracts In April 2019, we received a phone call from a lady who lived in an apartment in Brunswick, in Melbourne’s…

How to Avoid Body Corporate Fees
January 31, 2024
How to Avoid Body Corporate Fees

When you buy a property in Australia, you are buying either a Torrens Titled property (i.e. a house on a block of land) – or a Strata Titled property (i.e.

Can Body Corporate Evict an Owner?
January 29, 2024
Can Body Corporate Evict an Owner?

Understanding Body Corporates and Ownership Rights Ownership rights within a body corporate / owners corporation contains an added governance as result of the building having in place OC rules –…

Can You Sue Body Corporate?
January 19, 2024
Can You Sue Body Corporate?

A body corporate or owners corporation (as updated by the Owners Corporations Act 2006) is a stand-alone legal entity and is that legal entity that owns and manages common property.

Does An Owners Corporation Need To Lodge a Tax Return?
December 21, 2023
Does An Owners Corporation Need To Lodge a Tax Return?

The Owners Corporation is the legal entity that holds the legal ownership of common property as well as any bank accounts that the OC may operate. Owners Corporations in the…

What Repairs Are Body Corporate Responsible For?
December 06, 2023
What Repairs Are Body Corporate Responsible For?

Whether you are an owner or property manager – it is absolutely crucial to understand the division of responsibilities between the private lot and the owners corporation. Often when uncertainty…

Is a Body Corporate Compulsory in Victoria?
November 30, 2023
Is a Body Corporate Compulsory in Victoria?

An owners corporation (formerly body corporate) is the legal entity that owns and is responsible for managing the common property on strata titled plans of subdivision. The legal framework in…

Does Strata Cover Building Insurance?
November 23, 2023
Does Strata Cover Building Insurance?

Strata building insurance covers the building, common area contents, loss of rent/temporary accommodation, and public liability (of common areas). Committees should always ensure there’s coverage for personal accident/voluntary works, legal…

What is a Strata Committee?
November 21, 2023
What is a Strata Committee?

A Strata Committee is elected at the AGM to represent the Owners Corporation in day-to-day decision making. Committee Members can be elected from lot owners or lot owners’ proxies who…

What is an Owners Corporation? Uncovering The Mystery:
June 20, 2023
What is an Owners Corporation? Uncovering The Mystery:

If you’ve ever wondered about what is an owners corporation and how it can benefit your strata property, you’re not alone. Many individuals seek to understand what an…

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