Buying in Strata – What you need to know
As you would no doubt be aware, my Office provides an information service to all parties with an interest in the community titles sector. This includes those people who are thinking about purchasing a lot in a community titles scheme.
Prospective purchasers of lots have many things to consider, with one of the main things being the rights, responsibilities and obligations which go hand-in-hand with buying a lot.
With this in mind, my Office has developed a new page on its website to assist these prospective purchasers get better informed – https://www.qld.gov.au/law/housing-and-neighbours/body-corporate/body-corporate-records-and-regulations/buying-a-body-corporate-property/
While this information is of course no substitute for obtained qualified legal and other advice, it does provide a useful start point for prospective purchasers to learn more about what owning a lot in a community titles scheme is all about.
For queries on this topic or body corporate matters generally, visit our website www.qld.gov.au/bodycorporate or contact the Information Service of my Office on 1800 060 119.
Chris Irons, Commissioner for Body Corporate and Community Management.
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Very interesting and informative. I know there are many like us who really didn’t know what was entailed before we bought!