Insurance confusion
In Building Format Plans, the Body Corporate is responsible to insure the buildings on scheme land. Most insurance policies include […]
Insurance, Issues, Maintenance
Best practice, Issues, Legislation
Lot ledger dispute
Lot ledger disputes can occur between lot owners and Committees. This can be a minefield particularly when penalties and discounts are
Banking, Issues, Legislation
Settlement
New lot owners are often confused by the settlement process between buyer and seller and what happens with levies and
Best practice, Legislation
Contacting lot owners
Some Body Corporate Managers make it very difficult for lot owners to gain access to other lot owner contact details. This
Best practice, Legislation
Bodies Corporate and GST
I was reminded this month of the situation of Bodies Corporate and GST obligations. Bodies Corporate are considered to be non-profit
Best practice, Legislation
Land valuations
Bodies Corporate receive a yearly land valuation notice. Whilst a Body Corporate does not usually pay rates, individual lot owners will
Body Corporate Manager, Legislation
Levy periods
Sometimes, we come across the records of a Body Corporate Manager that give real cause for concern. A Body Corporate in
Best practice, Maintenance
Sinking funds
Generally, we use an accredited valuer to make sinking fund forecasts for a Body Corporate that we fully manage. Sometimes, we
Best practice, Body Corporate Manager
Changing Body Corporate Managers
We gained a new client this month – a small three lot townhouse complex in Ashgrove. The retiring Body Corporate
Legislation, Maintenance
Body Corporate history is important
A friend of mine is a Body Corporate Manager for a small commercial Body Corporate in regional Queensland. When the Body