Best practiceLegislation

When Body Corporate lots are all owned by a single person

This month we are working for a new client who until recently owned all the lots in a Body Corporate.  The client was not the original owner of the property and the property was at least fifteen years old.  In these situations, the existance of the Body Corporate is often ignored and the sole owner manages the scheme land and buildings without regard to the legislation.  This approach is quite common.  In these situations, we regularly find that almost all Body Corporate records have been lost or never existed.  Our engagement to re-establish the Body Corporate formally can be either before or after the sale of the property.  The lawyers will have sorted out any agreeement to ensure the sole owner re-establishes the Body Corporate.  Our approach is to treat the re-establishment as if it had been just developed.  Our pricing and approach is described here.