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From: Wayne Scholes
Hi,
Can anyone give me some information on how to set up a body corporate.
Until now the four units in the complex that I own in have just had a loose arrangement in which one of the owner occupiers looks after the insurance and sends the other owners notice when it is due. This worked well, but now there is only one owner occupier and he wants to do work to the joint area of the property eg reseal pattern concrete on driveway get someone in to mow nature strip etc. He has called a meeting of owners to procure the extra money for this and I am now thinking that the time may have arrived to form a proper body corporate.
He has also given us notice that he intends to paint the exterior of his unit a hideous colour that will, as he puts "individualise" it. If we are successful in forming a body corporate what power will it have to prevent him from doing this. I have also recently heard of "sinking funds" can anyone explain what these are and how they tie in.
Regards
Wayne
Hi,
Can anyone give me some information on how to set up a body corporate.
Until now the four units in the complex that I own in have just had a loose arrangement in which one of the owner occupiers looks after the insurance and sends the other owners notice when it is due. This worked well, but now there is only one owner occupier and he wants to do work to the joint area of the property eg reseal pattern concrete on driveway get someone in to mow nature strip etc. He has called a meeting of owners to procure the extra money for this and I am now thinking that the time may have arrived to form a proper body corporate.
He has also given us notice that he intends to paint the exterior of his unit a hideous colour that will, as he puts "individualise" it. If we are successful in forming a body corporate what power will it have to prevent him from doing this. I have also recently heard of "sinking funds" can anyone explain what these are and how they tie in.
Regards
Wayne
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