Web hosting Glossary

Definitions of body corporate:

• An administrative body made up of all the owners within a group of units or apartments of a strata building. The owners elect a committee which handles administration and upkeep of the site.
  www.aaamortgagesolutions.com.au/glossary.htm
• A corporation of the owners of units within a strata building. The owners elect a council responsible for the management of the building and common areas.
  www.eaussie.com.au/Mortgages/Glossary.htm
• A legal entity such as a company, incorporation, or Maori trust board.
  www.courts.govt.nz/maorilandcourt/glossary.htm
• A body corporate provides a legal framework in which unit owners or occupiers can enjoy common property together. Common property may include driveways, paths, stairs, passages, lifts, lobbies, common garden areas and other facilities set up for use by all members and occupiers of the units
  www.phuket-property-sales.com/realestate-terms.htm
• a body that collectively manages the subdivision of a building or land that is registered with the State. A body corporate may be created in any subdivision - residential, retail, commercial, industrial or mixed use.
  www.artistwd.com/joyzine/australia/strine/b-6.php
• An association of persons regarded in law as a single legal person such incorp may be achieved, for example, by registration under he Companies Act, by Royal Charter or by a special Act of Perliament. Examples of bodies corporate are limited liability companies, professional institutions, universites and county concils. Most bodies corporate are required by law to disclose accounting information about their activities.
  www.indiainfoline.com/bisc/accb.html
• A legal entity created under the Unit Titles Act 1972 consisting of all the unit owners within a unit-titled property and controlled, where there are more than three, by an elected committee. The Body Corporate essentially has an overall management and administrative function.
  www.virtualrealty.co.nz/reterms.html
• A strata corporation incorporated in relation to land subdivided wholly or mainly for residential purposes under a law providing for strata, cluster, percent or other subdivision of land or whose issued shares give a right to occupy land for residential purposes. The Body Corporate usually has the responsibility for the management and upkeep of common areas of the property.
  www.excelhomeloans.com.au/glossary.html
• A body corporate is the English legal term for a corporation. It is distinct from a natural person, although it has many of the same legal rights.
  en.wikipedia.org/wiki/Body_corporate

Site Map

©2007 sy4host All About Web Hosting