Strata & Body Corporate Explained: Costs, Rules & Risks
Description
Many buyers think "body corporate" just means paying fees – but there's a lot more to it. From shared responsibilities to unexpected levies, understanding how body corporates work can save you serious headaches (and money!).
In this episode of Worth the Waite, Benjamin Waite breaks down:
✅ What a body corporate actually does – and why it exists
✅ The difference between admin and sinking funds (and why they matter)
✅ Common surprises like special levies, approvals for pets, and renovation rules
✅ How to assess if a body corporate is well-managed (or a ticking time bomb)
✅ The pros, cons, and hidden perks of buying into a body corporate property
If you're thinking about purchasing a townhouse or unit in Beenleigh or Eagleby, make sure you understand exactly what you're signing up for. Need help reviewing a body corporate report? Get in touch via ljhookerbeenleigh.com.au or benjaminwaite.com.au.
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