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 […]
posted on March 21, 2013 by
What Is A Body Corporate?
The complicated answer to the question “What is a Body Corporate?” is, it’s a mechanism for holding and managing common property. To make things a little clearer lets look at a simple illustration. A Simple Land Subdivision The process of developing land is relatively simple to understand. A developer wants to subdivide lot 1 on […]