Owners Corporation

An Owners Corporation is a legal entity that manages shared property in a strata or community title scheme, like apartment complexes or townhouse developments. It is composed of all property owners within the scheme, who collectively make decisions about common areas, maintenance, and expenses. The Owners Corporation is responsible for tasks such as maintaining shared facilities, ensuring compliance with rules, and managing financial matters like levies. Its purpose is to ensure the property remains well-maintained, functional, and compliant with legal requirements, fostering harmony among owners and protecting the value of the overall property.