The Community Management Statement (‘CMS’) is a critical document for every body corporate, and it is essential that it is clearly drafted and accurately reflects the rights, and where possible the intentions of the owners.
A well drafted CMS containing provisions appropriate to the particular body corporate saves a great deal of stress and dispute.
This article looks at the process of lodging a CMS including time limits and supporting material required and how to obtain a copy once it has been lodged in Titles Office.