Question: I want to reactivate our inactive owners corporation for our three townhouses. Where do I start? I don’t know the other owners’ details.
I own a townhouse in a subdivision containing three townhouses plus common property. I want to reactivate the owners corporation. I don’t know the property owner details of the other two townhouses. Are there any professionals who can assist?
Answer: A three lot property must have an active owners corporation to comply with the legislation.
Reactivating your owners corporation is a great idea. A three lot property must have an active owners corporation to be compliant with the legislation. With an owners corporation in place, you will ensure the common property is maintained, adequate insurance is in place, required documentation is issued (for example, an Owners Corporation Certificate upon sale of the lot) and much more. The easiest way to do this would be to appoint a professional owners corporation manager to assist you in managing these requirements.
If you are unaware of who owns the neighbouring lots, a title search can be conducted to get their details.
The best starting point would be to reach out to any professional owners corporation management company. They will be able to assist you with locating the neighbouring lot details and getting your owners corporation running.
This post appears in the July 2024 edition of The VIC Strata Magazine.
Alex Smale Melbourne Owners Corporation Services alex@mocs.com.au P: 03 9818 2488