What Is A Section 206 Disclosure Statement & What Can It Tell You?

I read with interest this article by Helen Collier-Kogtevs on the API Magazine website called Five Questions To Find An A-list Property Solicitor. What stood out for me was this:  …For instance, when you’re buying a strata titled property like an apartment or unit in Queensland, you’ll receive a body corporate disclosure statement as part […]

MyBodyCorpReport.com.au and Disclosure Statements Policy

Disclosure statements do expire, however we take no responsibility for the expiration dates of any disclosure statements. We simply cannot be responsible for something over which we have no control. Disclosure statements expire when the information contained within them expires. That information contained within disclosure statements is obtained by reporting on the activities of the body […]

Do I Need A Section 206 Disclosure Statement For My Duplex?

A duplex is defined as a house divided into two lots, each with it’s own entrance. Most, though not all, duplexes are characterised by joint wall(s) somewhere in the building. Just because there are two lots in a duplex doesn’t necessarily mean there are two titles and the lots can be sold separately. Quite the […]

Section 206 Disclosure Statement Requirements Changed

Effective 1st of August, 2013 the Body Corporate & Community Management Amendment Act 2012 (second Amendment Act) changes re section 206 disclosure statements came into force. The most important change is that section 206 disclosure statements no longer need to include a copy of the  Community Management Statement (CMS). This will come as something of a relief […]

Body Corporate Levies & Expired Current Levy Year Issued

Body corporate levies are set on a year to year basis, three months after the start of the new financial year. For reporting this creates issues. Sometimes a disclosure statement or records search will quote levies for a period that has expired. For instance, say the levies are quoted to 31/7/2012 and yet the date of […]

Does A Section 206 Disclosure Statement Expire?

If you’re selling a lot in a body corporate in Queensland then you will need to provide your agent(s) with section 206 disclosure statement.  Some agents suggest that you get a disclosure statement as soon as you list your property, however it can be many months between listing your property and any actual contract for […]

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