Body Corp Manager Vs. Just Getting Common Property Insurance

I'd love some advice on the following:

Do I need to have a body corporate manager on a 4 block subdivision with a shared driveway for 3 of the units in Victoria?
I took out a common property policy and sold 1 of the units and will be listing another soon. Once this policy expires is it just a case of me running between the other owners trying to get agreement on sharing the costs? What if the other owners decline and do not want to pay?
Also, what are the pros and cons of using a body corporate manager vs. just arranging myself for common property insurance?

Thanks in advance

 

Are the properties a strata subvisision or Torrens titled?

If strata, you'll need to establish a management committee/owners Corporation to manage the common or shared costs ET building insurance, common area power/cleaning/maintenance etc.

 

If its subdivided land with a common driveway its different to strata units.

 

Hi Scott,
Thanks for your comment - it's subdivided land all on separate titles but with a shared driveway.

 

The law says you need to comply with the Owners Corporation Act. You don't need a professional manager. You do need to comply with the insurance and other requirements under the Act, especially if there is more than two units and two owners involved.

Consumer Affairs Victoria has excellent resources about OC requirements.