Topic: How do we set up an owners corporation in Vic? – FLAT CHAT

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15/02/2017 at 5:38 pm #10912 Reply | Quote
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Flatchatter
My partner and I have recently become home owners in Victoria (we bought a villa unit, one of eight). The property didn’t have a formal owners corporation.

Recently, other units at our address have changed hands. Some of the new owners are pushing the notion that we need to/should create an owners corporation. So I’m busy trying to understand the relevant issues.

First off the bat, do we legally need to have an owners corporation? I’m assuming No we don’t.

Secondly, can an informal collection of owners legally take care of the issues that normally fall to an owners corporation? (from my point of view, these issues fall into two categories (A) insurance and (B) maintenance).

Any opinions or help you can offer would be greatly appreciated.
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Reply To: Reply #26422 in How do we set up an owners corporation in Vic?

PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.