Body Corporate Insurance
Body Corporate Insurance is required for a Body Corporate from the moment the Strata Title registers. If the Body Corporate does not have insurance, it means that your lot (unit) is not insured. Even a duplex should have Body Corporate Insurance. What is Body Corporate Insurance and What Do You Need It For? Body Corporate […]
Body Corporate Act
Body Corporate Act In Queensland, the Body Corporate and Community Management Act 1997 or BCCM Act is what most Bodies Corporate are registered under. You may see the term ‘Owners Corporation Act’ when researching on the internet, but this refers to schemes that are not registered in Queensland. The BCCM Act and Regulations set out […]
Strata Fees Explained – What are Strata Fees?
What Are Strata Fees? Strata Fees or Levies, are fees that each lot owner has to contribute towards for the running and maintaining of their Body Corporate. Some Strata fees are collected quarterly and some are collected half yearly. The regularity of the when the levies are issued may vary from each Strata Title and […]
What Is Strata?
Many people are confused about what is Strata and we are often asked what it means. Strata or Strata Title as it is commonly known, is a system that was introduced into Australia in the early 1960s for the management of the legal ownership of a portion of a building or land. Each ‘portion’ is […]