Owners corporation
nounown·ers cor·po·ra·tionpronounced OH-nuhz kor-puh-RAY-shun
Last reviewed 16 April 2026
What does the noun Owners corporation mean?
The legal entity made up of all lot owners in a strata scheme, responsible for managing and maintaining common property. Called a body corporate in Queensland and a strata company in Western Australia.
How the noun Owners corporation is used
The owners corporation voted to replace the roof at the AGM, and each lot owner was levied based on their unit entitlement.
Synonyms
body corporate, strata company
Related words
Cite this entry
MLA citation: "Owners corporation." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/owners-corporation. Accessed 29 May 2026.
Chicago citation: How to Property. "Owners corporation." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/owners-corporation.
APA citation: How to Property. (2026, April 16). Owners corporation. https://howtoproperty.com.au/definitions/owners-corporation