BODY CORPORATE & COMMUNITY TITLE LAWYERS ROCKHAMPTON
Practically speaking, a body corporate is the legal entity established, in accordance with applicable laws through the subdivision and registration of land to create a “community titles scheme” such as a duplex, residential unit block, townhouse complex, high rise accommodation building, shopping complex or business park.
As a legal entity, the body corporate, includes all of the owners in the community titles scheme, has certain duties and powers including:
- Maintenance, management and control of the common property on behalf of owners
- Determining the levies to be paid by the owners
- Making and enforcing community rules, called by-laws, which dictate what owners and others living in or using the community property can and cannot do
- Securing insurance on behalf of owners, such as building insurance and public risk insurance over the common property
- Management and control of its assets
- Record keeping
If disputes arise, there are several options for resolution including self-resolution, conciliation and adjudication. If all else fails, our Property Lawyers Rockhampton are willing and able provide the legal guidance and representation you need.