Body Corporate Administration
Owning a unit in multi-tenanted building gives the unit owner (unit title ownership, or strata title) a say in the running of the property. Each unit owner is automatically a member of the properties “Body Corporate”.
The Body Corporate is a legal entity and is made up of all the owners of the property. This entity is run like a committee with chairperson and members. Both regular meetings and annual general meetings need to be held. Decisions concerning financial matters and shared entities of the property are made by the body corporate committee.