by tonytran2015 (Melbourne, Australia)
#parasite, #body corporate, #owners corporation, #robbery, #over-price maintenance, #inefficient repairs,
The Parasites of Western Economy, Part 8: Body Corporate robbing owners of low cost dwellings.
There is an invention in the Western World to reduce the cost of owning a dwelling. Many people can pool their resources together and own a building. Each can then live in his own part of the building and can also sell and transfer his ownership as his needs changes.
1. The role of a Body Corporate in a common building with many owners.
For example, four owners can pool resources to own a building with 8 rooms, 4 kitchens, 4 toilets. Each owner owns an “apartment” comprising of two interconnected rooms with separate kitchen and toilet. The building its yard and fences are common property to all four owners.
By laws, there must be someone responsible for the whole building…
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