An Examination of How Conflicts of Interest Detract from Developers Upholding Governance Responsibilities in the Transition Phase of Mult-Owned Developments: A Grounded Theory Approach

…gaps and confusions in the legal framework have provided a context which has enabled some housing professionals to usurp powers for their own benefit, a process which disadvantages the owners, who might be assumed to hold a greater share of the bundle of rights.¹

The context in which this comment is directed is a property type which consists of multiple (at least two), individually owned lots tied to communally owned common property, with a registered entity created to govern and manage the property. In this dissertation, this property type is referred to as a multi-owned development (MOD) and the registered entity is referred to as a body corporate. 2 Lot owners buying into a MOD automatically become the members of the body corporate with a committee being derived from the membership. The committee is tasked with attending to and overseeing the day to day operations of the body corporate.