« Back to Glossary Index
‘Body Corporate’ is a term that has been replaced by ‘Owners Corporation’ since enactment in 2007 of the Owners Corporation Act 2006.
Members of an owners corporation include any owner of a flat or unit on a piece of land with common property shared with others.
Members of the Owners Corporation have the responsibility to manage, repair and maintain Common Property on the estate such as laundry, gym, shared barbecue or pool, as well as driveways, stairs, lawn, letterboxes and gardens.
Owners Corporation often require members to contribute a fee to pay for maintenance services such as gardeners, painters and supplies, to perform tasks, or adhere to certain standards of décor or heritage restrictions.
« Back to Glossary IndexWant more of this type of information?
