When buying an apartment, the pre contract disclosure can give you some clues about how well the apartment is being run. Shared areas are run by a collection of rules encompassed in the body corporate.
The Body Corporate provides the owners of apartments with a platform to be able to fund maintenance and repairs.
Not all Body Corps are the same. Annual General Meetings lead to notes recorded in the minutes. This can give you an idea of what issues the owners might be expecting or have dealt with in the past few years.
