Unit Title

Unit Title owners own a defined part of a building e.g. a shop or an apartment and share ownership of the common areas such as lifts, lobbies and driveways. When you become the owner of a Unit Title you will automatically become a member of the Body Corporate. The Body Corporate will manage day-to-day maintenance of the of the entire building. Owning a Unit Title is a more complex than owning other types of land because Unit Titles are governed by the Unit Titles Act 2010 and the Unit Titles Regulations Act 2011. These rules require owners pay:

• Body Corporate levies which cover the maintenance, insurance and other utility costs based on their proportionate ownership in the building; and

• extra contributions to repair the entire building if there are any watertightness issues or structural problems.