Buying guide
What is a body corporate and how does it work?
If you buy an apartment or townhouse you may need to deal with a body corporate. Here’s everything you need to know
AI summary
Buying a unit title property, like an apartment or townhouse, means you automatically join a body corporate. This legal entity, made up of all owners, is responsible for managing shared spaces, setting rules, and arranging building insurance.
Owners pay annual body corporate fees to cover maintenance and operational costs. Before purchasing, it's essential to perform due diligence by reviewing the body corporate's rules, finances, and meeting minutes to understand its financial health and any upcoming expenses.
How does a body corporate work?
How much are body corporate fees?
Your body corporate may limit the way you can use your property.
Body corporate rules explained
Buyer’s due diligence: how to find body corporate details
Always check the body corporate rules before buying an apartment.
Getting help reviewing your body corporate
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