In Victoria the most common form of communal title is an owners corporation, formerly called a body corporate.
Other forms of community titles include:
Company share scheme
Stratum...
What is the framework of strata regulation in Victoria?
Owners corporations of have a framework for cooperation by owners and occupiers in multi-unit developments by way...
As with any community an owners corporation requires rules to balance the obligations and rights of owners and occupiers of lots.
There are prescribed Model Rules...
A committee:
is appointed at the annual general meeting
is required to be elected if the owners corporation affects more than 13 lots;
may be elected if there...
Good budgeting is essential to the smooth running of an owners corporation.
Why have a budget?
An owners corporation has a number of obligations including:
maintaining common property...
