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Real Estate Glossary

Body Corporate

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Written by Luis Escobar

Also known as an owners corporation, a body corporate is a group established by the owners of a piece of land which has been segmented into apartments, flats, or units. They are the ones responsible for managing and maintaining common areas found in a building such as entrance areas, car parks, and stairwells.

Also known as an owners corporation, a body corporate is a group established by the owners of a piece of land which has been segmented into apartments, flats, or units. They are the ones responsible for managing and maintaining common areas found in a building such as entrance areas, car parks, and stairwells.

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Luis Escobar

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