All Topics / General Property / No Body Corp

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  • Profile photo of PropertySeekerPropertySeeker
    Participant
    @propertyseeker
    Join Date: 2006
    Post Count: 43
    July 1, 2012 - 7:39 am

    Hi everyone,

    I recently bought a townhouse which apparantly has no body corp. Initially I thought this would be a good thing, however now I'm wondering how this would work. I'm told that all the owners (only 4) need to contribute for the building insurance which is fine, however what if an owner wants to claim how would this work?

    If anyone has any experience with something like this, some input would be great.

    Thanks
    PropertySeeker

    Profile photo of ygue6072ygue6072
    Participant
    @ygue6072
    Join Date: 2011
    Post Count: 36
    July 2, 2012 - 5:59 am

     Not sure how your situation works but normally the body corporate is there to manage, and maintain the common areas everyone uses like the stairwell, car park, pool etc. There are laws that determine what they can and can’t do and the rules they can set. In my experience it is difficult to get all the owners to agree to something, or to chase up repairs or quotes for things so the body corporate stays on top of that, makes sure the buildings inspections are done and filed with council etc.

    If there is no body corporate does that mean you have no sinking fund? What happens if there need to be repairs? Who is in charge of making sure the insurance premiums are paid and holding the paperwork for others to access if necessary?

    Profile photo of WakeWake
    Participant
    @wake
    Join Date: 2003
    Post Count: 123
    July 2, 2012 - 12:45 pm

    It is possible if the townhouses are free standing, and the strata plan shows that each townhouse is completely within the boundary of the respective lot. In this case the buildings are not common property. If there is no common electricity, water, gardens or lawns then apart from any common services running through any of the lots, pretty much the only owners corporation cost would be the insurance.

    Its all in the way the strata plan is prepared. Note that this does not mean there is no owners corporation, and technically in order to be able to collect/recover the insurance cost from each owner you need to strike levies. If not, there is no legal recourse if someone does not pay.

    We have built 3 small strata schemes like this – 2 x 2 dwellings and 1 x four dwellings.

    Wake

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