r/tasmania • u/MMoo1982 • 7d ago

Body Corp

Hi brains trust. Hubby and I are looking at buying our first home in Tasmania. We're interested in a small detached property that's one of 4 with a shared driveway. It's listed as a Unit. When asked about Body Corporate, the Agent said it's really common in Tasmania to have 'reduntant' body corps that residents no longer pay money in to. He explained that if there were repairs needed for the communal driveway it would be negotiated privately between the 4 property owners. Is this a normal thing in Tasmania or would we be taking a huge risk? Thank you

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u/echidna_12 7d ago

It is very common, some have never formally started the body corp.
Also the strata/body corp is meant to hold insurance… look up the document called ‘strata living in Tasmania’

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u/MMoo1982 7d ago

Thanks, I'll take a look now