• Que.

    does body corporate include rates


    No, the body corporate typically doesn't include rates. Rates are usually separate and are charges imposed by local government authorities for services such as rubbish collection, street cleaning, and local infrastructure. The body corporate, on the other hand, is responsible for managing and maintaining common property in a shared living or commercial environment, such as in a condominium or apartment complex. While the body corporate may collect fees or levies from property owners to cover its expenses, rates are usually distinct and paid directly to the local government.

    Nov 27 2024

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