Body Corporate Basics
A Beginner's Guide to the Basics of Body Corporate Life
What was covered:
- Simple explanations of the meaning of the many, many words: body corporate, unit plan, common property, principal units, accessory units, operational rules, utility interest, ownership interest.
- Key events in the life of a body corporate: when to expect notices of what, and what you’re meant to do when they arrive.
- What’s covered by the body corporate insurance policy, and what I need to cover myself (and variations on that theme for owner-occupiers vs. landlords).
- Rules, how they’re set, and what happens when they’re not observed.
- Roles within the community: who does (or should do) what, and who’s really in charge around here?
- Key events in the life of a body corporate – Notices, Meetings, AGMs.
- Who do I call when... key contacts and their responsibilities.
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