Gday this is my first post. I have found scrolling through the many forums quite informative and interesting.
Anyway my question is:
We built a Duplex (own both units) and have only just strata titled it by utilisng an accountant who set up the body corporate etc. We did this as we may sell one in the future and hang on to the other.
Now I have all he associated docs and I hold the body corporate seal. Reading through the documents is a little confusing and it seems I should have an annual general meeting and regularly put aside funds for sinking fund, admin fund etc.
It seems ridiculous as I own both, but am wondering if I don't keep the appropriate paperwork, hold meetings and set money aside for the sinking fund then when I go to sell one it may cause me hassles.
Any info on this would be appreciated,
Cheers,
Steve
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