Buying a property is an exciting time, but for people purchasing into a strata title with a body corporate or owners corporation, there might be some unexpected, and unpleasant, surprises lurking around the corner.
The pros and cons of owning, investing and living in a body corporate or owners corporation property are covered in this comprehensive book, giving readers the opportunity to use this information to protect themselves and enhance their investment.
If you are aware of the body corporate/owners corporation rules, committee decisions, upcoming levies and other issues, you can avoid heartache down the track and ensure that you get value for your purchase dollar from your strata property.
Topics to help you improve your strata investment and lifestyle:
Legislation for each Australian state and territory covering bodies corporate
How to find and buy your ideal property
How bodies corporate and executive committees operate, and how they manage disputes within them
Rights and responsibilities associated with owning a strata property (and who pays for them)
Body corporate rules
Understanding common property and private property issues and rules.
What to ask the strata manager about a strata scheme
Selling a strata property.
Whether you are a tenant, first home buyer, moving inter-state or an investor, this book will help you make the right decisions about buying, owning or living in a property with a body corporate.
Chapter 1 - Is a strata property right for you?
Chapter 2 - Seeking out that perfect place
Chapter 3 - Assessing the building and surrounding property
Chapter 4 - Ways to buy
Chapter 5 - Responsibilities of bodies corporate ... and owners
Chapter 6 - Fees and financial management
Chapter 7 - Executive committees and meetings
Chapter 8 - Maintenance
Chapter 9 - Resolving disputes
Chapter 10 - Selling up
Appendix A: What's yours an what's common property?
Appendix B: Dispute resolution process, by region
Appendix C: Investigating body corporate records before you buy