What is a Body Corporate?

what is a body corporate?Ask most people “what is a body corporate?” and, well, you’ll probably get a lot of different answers, the most common being a general wave toward the nearest visible highrise.

But that’s an assumption, and also a clear indication that the person you’re speaking with doesn’t really have much of an idea of what a body corporate actually is.

Which is not a big deal, unless you happen to buy a unit, and then things are likely to become even murkier as you’re introduced to myriad rules and regulations that make up communal living and investing.

One of my main goals with both my website and my business is to educate and inform people about body corporates, about the risks they’re taking, the opportunities they may be missing and of course the realities of life in shared areas. The first step is to understand, clearly if possible, what is a body corporate.

So … What is a body corporate?

A body corporate is an entity to hold common property on behalf of lot owners. It’s also a mechanism for managing that common property.

I’ve put together the slide show below that explains a little history of body corporates, what they are and why it’s important for lot owners.

THE BASICS OF BODY CORPORATES

A little knowledge can go a long way


I see so many stressful and frustrating issues in body corporate records that result from simple misunderstandings it hurts my head. If I could do one thing to help it would be to teach everyone the basic rules, so they can avoid all these dramas.


With that in mind I've put together a short eBook that sets out the basics everyone owning in a body corporate really should know. It won't make those big issues go away, but it will give you a firm grounding from which to communicate.


It's completely free, so please, download it now!

Download Now

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