Strata Base | Multiple Owners Corporations
247
page,page-id-247,page-template-default,ajax_fade,page_not_loaded,,qode-title-hidden,qode-child-theme-ver-1.0.0,qode-theme-ver-10.0,wpb-js-composer js-comp-ver-4.12,vc_responsive
USEFUL INFO

Multiple Owners Corporations

Some developments have several owners corporations (formerly body corporate) to help lot owners share rights, responsibilities and costs. This is common in subdivisions that have a mix of homes, shops and industry within the one complex.

Multiple owners corporations are used to give groups of lot owners access to and responsibility for certain parts of the property. For example:

A person buys a ground floor unit in a multistorey building. The title includes off-street parking.

As a lot owner, this person will be a member of the owners corporation. They may also be a member of the owners corporation responsible for the parking spaces, but not a member of the owners corporations responsible for the lifts.