Frequently Asked QuestionsWhat 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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