The owners corporation
All the owners together. It owns and looks after the common property and makes the big decisions.
What to know
- Every owner is a member automatically; selling your lot ends your membership.
- It decides finances, insurance, repairs to common property, by-laws, meetings and who manages the building.
- It can overrule the strata committee and decide what the committee is allowed to handle.
- It acts through general meetings (including the annual general meeting) and, for day-to-day matters, the committee.