a close friend has bought an apartment OTP which is almost ready. Not a great part of town but a lovely outlook and lots of potential when a Uni opens close by. The developers are encouraging her to sign up with the others for ongoing management and have mentioned things such as not wanting "renegade" owners "doing their own thing" etc. the percentage cost sounds far too low I wonder if they have loaded up costs elsewhere, I encouraged her to at least get the contract looked at, can anyone suggest a local solicitor who specialises in such things?
Where's the hurry? The apartment is not ready yet. Not harm in getting a few other quotes. And take a close look at the length of the agreement if it is a fixed term, go for no more than 6-12 months to begin with. Marg
Also, look closely at the termination clause(s). For example, one wouldn't want to have give 3 or 6 months notice to terminate.
They're probably after the proxy votes on body corporate too. @moridog - do you want a solicitor local to me or to you? ie where's the unit?
I use Lavan Legal in Perth. Not cheap but exceptionally good. I dont get why a developer would care in the slightest which REA a buyer manages the property through - unless they have some kind of ongoing interest either in the finished product, or the REA. Sounds odd and not quite right somewhere along the line. Blacky
