Owners Corporation Management in Strata Consultants Melbourne Australia
What is a Body Corporate or Owners Corp oration?
An Owners Corporation is a body that collectively manages a multi - occupancy subdivision of a building or land. An Owners Corporation is created when subdividing any property into two or more lots. This includes properties classed as residential, retail, commercial, industrial or mixed use. The term Owners Corporation is the new term for the old familiar Body Corporate.
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Repair and maintenance of the common property, fixtures and services
Functions of an Owners Corporation
Maintain correct insurance, including compulsory public liability insurance Provide general management and administration of land and buildings Enforcing the Regulations and Rules of the OC; and Provide statutory certificates to owners or prospective purchasers (Form 4 certification ).
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If you ow n a property affected by an Owners Corporation ( formerly known as Body Corporate ) then you automatically become a member of that Owners Corporation. Flat, apartments, units, townhouses and commercial estates generally involve an Owners Corporation and owners of such property are usually members of an Owners Corporation Management, previously known as a ‘ Body Corporate ’ . All Bodies Corporate became known as Owners Corporations on 31 December 2007. LET’S DISCUSS YOUR BODY CORPORATE MANAGEMENT ISSUES SPEAK TO A STRATA CONSULTANT
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Contact us 1300 917 848 Suite 809, 1 Queens Road, Melbourne, VIC 3004 office@strataconsultants.com.au www.strataconsultants.com.au
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Thank you.