Whether you’re purchasing a strata title as a residential property or as an investment property, it’s best you gain an understanding of the legal requirements regarding the contract and the disclosure statement. Contents of contract When the contract is entered into, its provisions must include the disclosure statement and all material accompanying the disclosure statement. The buyer may rely on information in the disclosure statement to be up to date ...

Queensland law requires a Strata Disclosure Statement be attached to the Contract of Sale of any property that is part of a Body Corporate. Vendors in Queensland must include a warning statement in the contract of sale advising the buyer of the cooling-off period. They also need to recommend potential buyers seek professional legal advice and an independent property valuation before they sign the contract. WHAT’S IN THE BASIC DISCLOSURE ...

If you’re interested in purchasing an apartment or unit, whether it’s to LIVE IN or as an INVESTMENT PROPERTY… it’s best to be aware of your rights and more importantly – the matter of SHARING SPACE with your fellow strata owners. Inside your apartment is your very own SANCTUARY… but the steps from the building front door to your front door… are common space and belong to everyone. TOP 10 ...