The lure of low-rise or high-rise apartment living appeals to many, offering a low maintenance lifestyle and often an affordable entry into the housing market.
However, it can also come with some responsibility, should you choose to step forward and play a role in how it’s run. All apartments and units with two or more lots have body corporates, which are known as “a legal entity which is created when land is subdivided and registered under the Land Title Act 1994 to establish a community titles scheme.”
So, even though you are automatically deemed a body corporate member once your purchase is complete, you do have the choice whether you join your Body Corporate Committee.
Here are a few reasons why it’s worth doing so.
You can’t complain if you haven’t added your voice to the Body Corporate Committee
Quite simply, if you want to have your say and be taken seriously, you should consider joining your Body Corporate Committee. After all, you can’t complain about anything that isn’t to your liking if you haven’t stepped up and put yourself out there for involvement.
Comprising of lot owners or people who act on their behalf, committee members are elected at an annual general meeting and must adhere to the following:
- There must be at least 3 members
- They’re tasked with the administrative and day-to-day running of the body corporate
- They must make decisions on its behalf and enact the lawful decisions made.
Make sure you put your hand up if there are issues which matter to you and assume a role on your Body Corporate Committee.
Being on a Body Corporate Committee adds value to your investment
Whether you are living in the apartment building or have tenants in place, you have outlaid a large sum of money and made an investment towards your future. Being on a Body Corporate Committee will keep you abreast of all building matters including:
- The financial status of the building
- What repairs are necessary
It takes only a small commitment to help create a harmonious community and preserve and enhance the value of your investment.
Joining a body corporate committee shows you have a desire to make a difference
There’s a common misconception you have to be retired (or at least gifted with lashings of free time) to be a valuable body corporate committee member. However, this is not the case. Those who have the desire to make a difference, who care deeply about the community they have purchased into, make quality additions to a committee.
- They will understand the value of being on call to respond to property crises before they spiral out of control, or understand the importance of being proactive so the sinking fund isn’t needed for emergency repairs.
- Perhaps, even, they just want to live in harmony and want to promote a nurturing community within the confines of the apartment block. Joining a body corporate committee shows you have a desire to make a difference and better the lives of those who live closest to you.
You possess the right professional skills to lend a hand on a body corporate committee
- An expert in the law or the building industry
- A savvy office administrator
- A financial specialist
- An outstanding communicator
People with these careers or skill sets prove to be invaluable additions to the committee of body corporates and are highly encouraged to volunteer and share their skills to ensure a smoothly run body corporate.
Even if you are simply someone who is a people person will make a great asset to a Body Corporate Committee. A large task committee’s face is solving common property problems, so if you are open to regular correspondence between the required parties and are an excellent mediator and communicator, you will prove to be an advantageous addition to the committee.
Want to know more?
Tower Body Corporate is creating much needed change in the industry. So, if you’re searching for a Gold Coast Body Corporate management service who communicates with transparency, operates efficiently and effectively, and most of all, acts in your best interests, contact the team on 07 5609 4924 today.