The government of Victoria has published a 52 page guide to Owners Corporations.
If you are an investor in a high rise building, you should download and keep this book for reference.
While the Guide relates specifically to Victorian legislation (the Owners Corporation Act 2006) the content is widely applicable.
Owners corporations, which manage the building and common property of shared properties, serve up to a quarter of all residential housing in the state of Victoria and manage significant financial assets on behalf of owners.
If you own a unit, apartment or townhouse, you need to know about the laws that affect the management of your property.
Owners corporations now have more legal responsibilities for matters including financial management, record keeping, dealing with complaints and meeting procedures.
You should read this Guide if you own, manage or live in a property that has an owners corporation.
It is FREE to download. Go to http://www.consumer.vic.gov.au/
Bernard Kelly http://www.retirelaughing.com/
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