Insurance denied!
We heard recently of a case where a Body Corporate on a Standard Format Plan was denied insurance. The buildings in […]
Insurance, Issues, Maintenance
Body Corporate Manager, Legislation
Chapter 3 Part 5 Appointment
We recently reviewed a Body Corporate administration renewal of a four lot scheme. The total remuneration of the Body Corporate Manager
Body Corporate Manager, Issues
Managers that say one thing – but do another
Worked through a stressful changeover of a small Body Corporate this month. The exiting Body Corporate Manager (Brisbane central city based)
Insurance, Issues, Maintenance
Insurance confusion
In Building Format Plans, the Body Corporate is responsible to insure the buildings on scheme land. Most insurance policies include
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