What is a Body Corporate?
You and your fellow owners together make up the Body Corporate of your property.
'Body Corporate' is simply the legal name given to the collective entity made up of all the owners in a unit-titled development.
Most Bodies Corporate appoint a professional Body Corporate manager, like Centurion, rather than ask one of the owners to do the job.
As your professional Body Corporate manager Centurion will:
- Issue regular update letters to all owners of the property
- Organise AGMs and all Body Corporate meetings
- Co-ordinate asset management, insurance, maintenance, building compliance, health & safety, and all statutory obligations
- Provide unbiased, independent advice to resolve differences and bring members to a collective agreement over issues
- Provide specialised computer systems required for accounting, billing, and record keeping
- Issue Pre-Contract (Section 146) and Pre-Settlement (Section 147) Disclosure statements promptly
- Fulfill all the legal duties of a Body Corporate secretary as outlined in the Unit Titles Act 2010
Now that’s clear, would you like to find out more about Centurion?
About Centurion
If you are new to a Body Corporate here are some words and phrases that are commonly used.
- Accessory Unit
- Annual Levy
- Common Property
- Proxy
Helpful links:
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