How do you say BODY CORPORATE in Russian?
What is a body corporate
A body corporate is a legal entity created when land is subdivided and registered to establish a community titles scheme. The scheme can be a duplex, a residential unit block, a high rise accommodation complex, a shopping complex, or a residential suburb, or a business park. Every owner of a lot in a community titles scheme is automatically a member of the body corporate.
What is the Purpose of a Body Corporate?
A body corporate exists to manage the issues of necessary and mutual interest to all the owners. These matters fall into two categories:
physical property issues; and
issues related to people living together
Physical property includes gardens, common building structures and shared assets such as recreation clubs and tennis courts. When people live together issues include behaviour, noise and parking. Anything where the actions of one particular occupier may impact on other residents. Legislatively, bodies corporate perform only a limited purpose. They must:
Administer the common property and the body corporate assets for the benefit of the owners of lots included in the scheme;
Maintain common property to the extent it is in a structurally sound condition;
Enforce the community management statement (including by-laws affecting the common property); and
Carry out other functions given to the body corporate under legislation.
The body corporate is not legally able to do anything other than fulfil these mandatory responsibilities. In performing these duties, the body corporate can enter into contracts, employ staff and generally deal with property. Unlike a commercial company, it cannot conduct businesses, such as a letting agency, tour operation or restaurant. However, the body corporate may engage in any business activities necessary to properly carry out is functions (eg. investing funds).
товарищество собственников жилья.
OR
домоуправление.
OR
управление недвижимым имуществом.
or am I totally wrong??????
