About owners corporations

OC One prides itself on providing information material which supports owners in making educated decisions on all aspects of Owners Corporation management.

Page 1

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Page 2

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Page 3

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Page 4

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Page 5

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Page 1

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Page 2

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Page 3

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Page 4

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Page 5

What is an Owners Corporation?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is common property?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What is an Owners Corporation committee?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

What does an Owners Corporation manager do?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records

Does my Owners Corporation need a manager?

An Owners Corporation forms when a subdivision with common property is registered with Land Victoria. Anyone who owns a lot within the subdivision is a member of that Owners Corporation.

Owners Corporations are responsible for the common property in their subdivision. Their duties include:

  • Repairing and maintaining the common property • Taking out and maintaining insurance
  • Raising fees from the lot owners to meet financial obligations
  • Preparing financial statements and keeping financial records