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What
does the Body Corporate do?
Homeowners
in most medium density developments hold
a STRATA TITLE. As a Strata Title holder
you are granted exclusive use of your
apartment, villa or townhouse. A STRATA
MANAGER manages maintenance and presentation
standards of the public areas such as
the grounds, walkways, swimming pools
and tennis courts. A representative committee
of owners within the development is referred
to as the BODY CORPORATE.
Body
Corporate fees are fully tax deductible.
These fees allow for day-to-day maintenance
and the development of a SINKING FUND
- money set aside for future maintenance.
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