There is a new chapter
in The Law Handbook on Owners Corporations (formerly know as Body
Corporates), under Living in the
Community, Home and Neighbourhood. This is the first time that a new chapter has
been made available exclusively to
subscribers before the publication of the hardcopy version.
View the new chapter
This
chapter deals with recent changes to the
law and regulations in Victoria. To quote the
introduction:
"The registration of a plan of subdiv ision,
which contains common area, in an:
- industrial;
- commercial;
- retail;
- residential; or
- combined use complex,
automatically creates an "owners corporation"
(previously known as the "body corporate").
Common property is held by the registered owners of
individual lots as tenants
in common and usually includes gardens, walkways, foyers, storage
areas, elevators, stairs, driveways, and communal facilities such as gymnasiums,
swimming pools, recreational areas, meeting rooms and air
space.
An
owners corporation has statutory rights and obligations
for:
- the welfare and maintenance of the common property; and
- the owners and tenants who have a legal interest.
This
chapter will focus on the rights and responsibilities of people working and
living in th ese communities and the dispute resolution processes that are
available."