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How to get more details about body corporate prior a purchase

Discussion in 'General Property Chat' started by Samj, 13th Apr, 2016.

  1. Samj

    Samj Well-Known Member

    Joined:
    14th Mar, 2016
    Posts:
    71
    Location:
    QLD
    If I want to buy a unit or a townhouse which is under a body corporate, how can I get more details about the building status (insurances, sinking fund, previous repairs and known issues in the building, may be meeting minutes). I have found a townhouse that I am interested in to go ahead but the sellers agent doesn't provide those details. When I asked about them, he just said "We have sold a few properties there and there were no issues". I am just wondering if it possible to check prior going to a contract.
     
  2. Cadbury99

    Cadbury99 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    71
    Location:
    Sydney
    Either employ someone to perform a strata search or meet the strata manager and inspect the records personally.
    If it was me I would employ an expert as I don't feel qualified to know exactly what I was looking for.

    More details here : QLD: How Do You Do A Strata Search And Can I Do It Myself?
     
  3. Ozzie in Texas

    Ozzie in Texas Well-Known Member

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    3rd Nov, 2015
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    497
    Location:
    San Antonio, TX
    Use an attorney and have them obtain it for you.
     
  4. mouseburger

    mouseburger Active Member

    Joined:
    20th Jun, 2015
    Posts:
    44
    Location:
    ACT
    If he can't provide contact details for the body corp manager, your solicitor should be able to. Some body corp management companies charge a fee to view their records, but better safe than sorry. Start by reading the AGM minutes for the last 5 years as these will give you a good idea of the building status and any issues with occupants.
     
  5. Samj

    Samj Well-Known Member

    Joined:
    14th Mar, 2016
    Posts:
    71
    Location:
    QLD
    Thanks everyone. You have answered my question!