Body Corporate Levies: Why Are They So Expensive?
One of the first questions people ask when they’re buying a unit is “how much are the levies?” It’s a smart question because it does no one any favours to buy a property they can’t afford to hold. The body corporate levies are a large part of those holding costs. Savvy buyers take the current […]
3 Common Disputes with Building Managers
One of the questions under the “Contracts” section in our Pre Purchase Strata Report is: Are there any disputes with the Building Manager? The question is there because disputes with Building Managers do come up, and they have the potential to be both very expensive and very damaging to the sense of community within the scheme. Essentially […]
Body Corporate Management: Who’s In Charge?
Most lot owners experience of their body corporate management is levy notices, agendas and minutes in the mail. For others there may be some interaction with the onsite building manager. But who actually is in charge? It helps to think of a body corporate as a country, and a democratic one at that, ruled by […]