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What To Look For In Your Pre-purchase Strata Search

There’s that special moment when you sign a contract when you’re not sure whether you’re suffused with excitement or sheer terror. What have I just done? It’s normal. It even has a name; Buyer’s Remorse. As a purchaser what you’re really looking for in these moments is peace of mind that you’re not buying into […]

5 Persistent Myths About Body Corporates

 I read a lot of body corporate records. Those records comprise everything from official documents to professional reports, minutes and of course correspondence. I can safely say, after all this reading, people have some really strange ideas about body corporates.  Mostly those ideas are pretty benign, sometimes hilariously funny and in the end don’t make […]

Do I Need A Section 206 Disclosure Statement For My Duplex?

A duplex is defined as a house divided into two lots, each with it’s own entrance. Most, though not all, duplexes are characterised by joint wall(s) somewhere in the building. Just because there are two lots in a duplex doesn’t necessarily mean there are two titles and the lots can be sold separately. Quite the […]

Case Study: The Lift Replacement and Insufficent Body Corporate Sinking Funds

Insufficient body corporate sinking funds

Insufficient body corporate sinking funds can be hidden within a healthy looking sinking fund balance. Context is needed to be able to judge. Privacy note: This is an illustrative composite based on recurring issues seen in body corporate records. Figures and circumstances have been adapted and do not identify a particular scheme. The Scenario A […]

How To Find Units With Low Body Corporate Fees

Average body corporate fees in south east Queensland run around $5,000 – $6,000 per annum. That’s $96 – $115 per week. Many are a lot higher. The highest levy I’ve ever seen was around $25,000 p.a. or $480 per week. And of course many levies are much lower than that average. The lowest levy I’ve […]

The Hazards of a Poor Body Corporate Committee

For the vast majority of lot owners paying levies, observing by-laws and voting at general meetings will be the sum of their involvement with the body corporate. To a chosen few falls the task of leading and decision making. Management of a body corporate is a simple enough premise: all the lot owners combined vote […]

4 KPI’s To Tell If A Body Corporate Is Financially Sound

A body corporate is a mechanism for managing common property. A mechanism funded by lot owners. Body corporates can and do run into difficulties stemming from many different issues. And if they get into difficulty they’re most likely going to finance any extra funds needed by way of levies on the lot owners. If its important to you to […]

Body Corporate Problems: The 5 Areas Where Things Go Wrong

For the most part body corporates are well managed, fiscally sound, have a great mix of residents and make for good investments. Sometimes though, they’re not any of those things and the results can be incredibly costly and stressful. Body corporate problems come up in all sorts of areas, some easily dealt with, some not so […]

What’s On The Agenda At The Annual General Meeting

Every body corporate must hold an Annual General Meeting (AGM) within three (3) months of the end of financial year. But what if you don’t actually have any business going on at present? There are plenty of body corporate’s out there which are well managed and maintained and have few issues requiring works or owners […]

The Process Of Holding An Annual General Meeting

Every year each body corporate is required to hold an Annual General Meeting (AGM) within three (3) months of the end of financial year. Of course a lot of body corporates do go over that three month limit due to all sorts of reasons. In that case the committee are expected to apply to the […]

Ask a Body Corporate Question Terms

  1. Purpose of the form

The Ask a Body Corporate Question form allows readers to submit general questions that may be answered through existing or future Body Corporate Blueprint content.

The form is intended to help identify subjects that buyers, owners and other readers would like to understand. It is not intended to provide advice about a particular body corporate, property, dispute or transaction.

  1. General information only

Information provided in response to a question, or published in the Body Corporate Blueprint, is general educational information.

It does not constitute legal, financial, engineering, building, insurance or other professional advice. You should obtain appropriate professional advice about your particular circumstances before acting or relying on general information.

  1. No professional engagement

Submitting a question does not engage MyBodyCorpReport to inspect records, investigate a matter, prepare a report or provide professional advice.

No client or professional relationship is created by submitting a question or receiving a response.

  1. No guaranteed response

Submission of a question does not guarantee that it will be answered individually or used in published content.

Questions may be declined, edited, combined with similar questions or held for possible future use. It may not be possible to respond to questions that require examination of body corporate records, contracts, plans, reports or other supporting information.

This form should not be used for urgent, time-sensitive or transaction-specific enquiries.

  1. Protecting privacy and confidentiality

Please do not include:

• the name or address of a body corporate or property
• a community titles scheme number or lot number
• the names or contact details of other people
• confidential correspondence or records
• allegations identifying a particular person or organisation
• sensitive personal, financial, medical or legal information.

MyBodyCorpReport may remove identifying information from a question. However, you are responsible for ensuring that information you submit is appropriate to share.

  1. Use of submitted questions

By submitting a question, you give MyBodyCorpReport permission to:

• consider it for an individual response
• use it to identify possible article or resource topics
• edit it for clarity and relevance
• combine it with similar questions
• reproduce or discuss it anonymously in general educational content.

Your name, email address and other identifying information will not be published with the question without your permission.

  1. Personal information

Any name and email address supplied through the form will be used to administer the submission, contact you about your question where appropriate and notify you if relevant content is published.

Personal information will be handled in accordance with the MyBodyCorpReport Privacy Policy.

Submitting a question will not automatically add you to a marketing mailing list. Any consent to receive newsletters or promotional communications will be requested separately.

  1. Questions requiring individual assessment

A general question may help explain what a document, event or warning sign could mean. Determining what it means for a particular body corporate usually requires consideration of its records and individual circumstances.

If you require an assessment of a particular scheme, a body corporate records search or another appropriate professional service may be required.