FAQ: How To Distinguish Between a Body Corporate and a Home Owner’s Association

A Body Corporate is created by law under the Sectional Titles Act and managed under the Sectional Titles Schemes Management Act and registered with the Deeds Office. A Home Owner’s Association (HoA) is an association of persons formed by agreement (constitution/MOI).  The levy exemption and basic exemption are applied on assessment for a Body Corporate whereas a HoA will only qualify for this levy exemption on approval as an exempt