Frequently Asked Questions
Here are answers to some frequently asked questions:
What Is A Body Corporate Disclosure?
A body corporate disclosure is a simple statement, from the seller to the buyer, notifying them that the lot is part of a body corporate for which ongoing levies will be payable. The current levies resolved by the body corporate must be displayed.
Why Is The Lot Owner Responsible For Providing The Body Corporate Disclosure?
Body corporate records are private information which only "interested parties" are able to access. Those with an interest are predominantly the lot owners. Not only are you the only one able to legally access the information (or appoint an agent) you also need to make sure that you have warned the potential new owner that they will be required to pay ongoing levies.
Why Do I Need To Order In Writing?
Because body corporate records are private we need to prove to whomever holds the records that we have a lot owners, or lot owners agent's permission to access the records. They will want that permission in writing.
How Do I Know You Got The Order?
After you submit your order to us you will be emailed a carbon copy of the request. Please check it immediately for errors. When we receive the order we immediately make contact with the body corporate manager and book a time to access the records and notify you when you may expect to receive the report.
How Long Until My Disclosure Expires?
The information contained within your disclosure statement relates to your body corporate and each scheme is different. They have different financial year ends throughout the year and different business being conducted. The longest a body corporate disclosure statement will be current is 12 months and the shortest can be days.