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Lisa Rutland

Body corporate specialist

1 minutes read

10 Questions To Ask Before Buying A Unit

If you’re thinking of buying a unit then, most likely, you will be buying into a Body Corporate or Owners Corporation.

Strata titled properties are different from free standing houses in a number of different ways.

Firstly along with ownership of your unit you’re taking on a share of the body corporate as well, with all the different responsibilities that entails.

It can be confusing and quite daunting if you’re not familiar with what’s going on.

There are never any guarantees with property investment which is why investment gurus will tell you time and time again; research, research, research.

But when it comes to due diligence on a strata scheme what do you even want to know?

If you can answer the 10 question below before buying a unit and you will already have addressed the most common dispute issues people experience (noise, by-law breaches and utility complaints) and, completed due diligence investigations of the strata scheme.

10 Questions To Ask Before You Buy In A Strata Scheme from Lisa Rutland

Finding a search agent to help

The easiest place to find a search agent is to ask the body corporate manager who manages the scheme. They will know  the agents in the relevant area and should be able to give you some contact details.

And of course, if you’re in the Brisbane and Gold Coast area, I can help. Find out more about strata searches here.

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Ask a Body Corporate Question Terms

  1. Purpose of the form

The Ask a Body Corporate Question form allows readers to submit general questions that may be answered through existing or future Body Corporate Blueprint content.

The form is intended to help identify subjects that buyers, owners and other readers would like to understand. It is not intended to provide advice about a particular body corporate, property, dispute or transaction.

  1. General information only

Information provided in response to a question, or published in the Body Corporate Blueprint, is general educational information.

It does not constitute legal, financial, engineering, building, insurance or other professional advice. You should obtain appropriate professional advice about your particular circumstances before acting or relying on general information.

  1. No professional engagement

Submitting a question does not engage MyBodyCorpReport to inspect records, investigate a matter, prepare a report or provide professional advice.

No client or professional relationship is created by submitting a question or receiving a response.

  1. No guaranteed response

Submission of a question does not guarantee that it will be answered individually or used in published content.

Questions may be declined, edited, combined with similar questions or held for possible future use. It may not be possible to respond to questions that require examination of body corporate records, contracts, plans, reports or other supporting information.

This form should not be used for urgent, time-sensitive or transaction-specific enquiries.

  1. Protecting privacy and confidentiality

Please do not include:

• the name or address of a body corporate or property
• a community titles scheme number or lot number
• the names or contact details of other people
• confidential correspondence or records
• allegations identifying a particular person or organisation
• sensitive personal, financial, medical or legal information.

MyBodyCorpReport may remove identifying information from a question. However, you are responsible for ensuring that information you submit is appropriate to share.

  1. Use of submitted questions

By submitting a question, you give MyBodyCorpReport permission to:

• consider it for an individual response
• use it to identify possible article or resource topics
• edit it for clarity and relevance
• combine it with similar questions
• reproduce or discuss it anonymously in general educational content.

Your name, email address and other identifying information will not be published with the question without your permission.

  1. Personal information

Any name and email address supplied through the form will be used to administer the submission, contact you about your question where appropriate and notify you if relevant content is published.

Personal information will be handled in accordance with the MyBodyCorpReport Privacy Policy.

Submitting a question will not automatically add you to a marketing mailing list. Any consent to receive newsletters or promotional communications will be requested separately.

  1. Questions requiring individual assessment

A general question may help explain what a document, event or warning sign could mean. Determining what it means for a particular body corporate usually requires consideration of its records and individual circumstances.

If you require an assessment of a particular scheme, a body corporate records search or another appropriate professional service may be required.