I've been through this before, but still not 100% clear.
We've got a 6 townhouse development finishing soon.
Will get them strata titled and hold all.
Insurance company says this is all we need to get cover for the properties.
Is it necessary to set up a Body Corp?
We went through this with a similar development completed 12 months ago (holding all), set up Body Corp, but I have not even looked at it and it doesn't seem to be needed.
But at the time, all the advice I had received was that we must have a letterbox for Body Corp and set up a Body Corp.
Can anyone say for certain what the requirements are?
Thanks
We've got a 6 townhouse development finishing soon.
Will get them strata titled and hold all.
Insurance company says this is all we need to get cover for the properties.
Is it necessary to set up a Body Corp?
We went through this with a similar development completed 12 months ago (holding all), set up Body Corp, but I have not even looked at it and it doesn't seem to be needed.
But at the time, all the advice I had received was that we must have a letterbox for Body Corp and set up a Body Corp.
Can anyone say for certain what the requirements are?
Thanks