What's body corporate??

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Querist : Anonymous (Querist)
20 January 2011 Explain body corporate with an example.

21 January 2011 A body corporate is a legal entity created when land is subdivided and registered to establish a community titles scheme. The scheme can be a duplex, a residential unit block, a high rise accommodation complex, a shopping complex, or a residential suburb, or a business park. Every owner of a lot in a community titles scheme is automatically a member of the body corporate.





21 January 2011 THX AUTHOR


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