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Lots of buyers ask us what are the difference between standard modules and accommodation modules? Let have a look what the regulation say:
About regulation modules
Most bodies corporate are a community titles scheme registered under the Body Corporate and Community Management Act 1997 (PDF).
As well as the Act there are regulation modules which set out more detailed laws that a body corporate must follow.
How modules apply
There are 5 regulation modules for bodies corporate in Queensland.
This is a general guide to the type of scheme each module is aimed at:
How modules are set
Only 1 regulation module applies to a body corporate at any time.
The regulation module for the scheme is set by the developer (original owner) of the scheme, unless the body corporate changed it later.
Once a scheme is built, the developer has to register it by recording the plan of subdivision and a community management statement with the Lands Titles Registry.
A community management statement has details about the scheme, including which regulation module applies.
Management rights that we sell are normally Standard Module, Accommodation Module and Commercial Module. If you want to sell management rights contact 0404 331 310 or fill in your information below to get more tips and ideas about management rights.