THE INITIAL LOT OWNERS AGREEMENT FOR THE BODY CORPORATE XXXXX CTS ZZZZInitial Lot Owners Agreement • May 7th, 2017
The owner of each lot is liable to pay an equal contribution to an agreed body corporate expense. A contribution to an agreed body corporate expense is payable on or before the date for payment as stated on the invoice. Contributions shall be paid directly to the supplier using BPAY or EFT or any other mechanism as stated by the supplier provided that it does not incur additional charges for the Body Corporate. Where the expense has been overpaid in full by one lot owner, the alternate lot owner shall reimburse the lot owner for the proportion of the expense that is attributable to the alternate lot owner.
THE INITIAL LOT OWNERS AGREEMENT for BODY CORPORATEInitial Lot Owners Agreement • November 2nd, 2011
The 1st day of the month following the date when the new Community Management Statement showing Two Lot Regulation is recorded by the Titles Office shall be known as the 1st day of the Body Corporate’s financial year. After the end of each financial year, the Body Corporate Manager shall send out (within 30 days) a budget (based on the Agreed Expense Items) showing the anticipated expenditure for the new financial year; the contribution instalments and due dates for the new financial year; and a statement of account for the financial year just completed.
THE INITIAL LOT OWNERS AGREEMENT for BODY CORPORATEInitial Lot Owners Agreement • March 6th, 2014
After the end of each financial year (DAY of MONTH), the Record Keeper shall send out (within 30 days) a budget (based on the Agreed Expense Items) showing the anticipated expenditure for the new financial year; the contribution instalments and due dates for the new financial year; and a statement of account for the financial year just completed.
