So, you’re new to a Body Corporate? Congratulations! Living in a Strata community is so rewarding and brings a real sense of community to your home.
Strata living has many benefits. From the shared facilities, inner city locations, and more. For those who are new to a Body Corporate, we have put together some helpful information below. What is a Body Corporate? A Body Corporate is a legal entity created when land is subdivided and registered to establish a community title scheme. What is the purpose of a Body Corporate? A Body Corporate exists to manage the mutual interest of all owners as well as deal with any issues that may fall into these two categories.
How is a Body Corporate financed?
Contributions (commonly referred to as levies) are collected from every lot owner of the Body Corporate and are pooled to maintain the community and common areas. The levies you pay contribute to the upkeep of the property, the insurance of the scheme, payments such as building management wages, and non-recurring capital expenditure items of the Body Corporate (e.g., painting, re-carpeting the common areas etc.).
Accessing your Strata documents
Your Body Corporate records and important information is available on a secure online portal and on the SSKB app. The system and app also allow lot owners to view meeting notices and minutes, agendas, and more. For more information about the SSKB app, please click here. If you would like to know more about SSKB, click here to contact the team today.