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Implied Warranty (Form)

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Implied Warranty Statement and copies of documents

Seller Disclosure and Authorisation to Search​

Form 2 Seller Disclosure Statement (for lots in a body corporate) You have / are about to engage us to complete a form 2 seller disclosure statement for a lot in a body corporate. We charge a base price of $600 for this service which will include several document searches that we need you to authorise us to undertake. There is other information you will need to provide. If you cannot provide the information required, or do not know the answer to the questions asked, then additional searches may be required. We cannot provide you with advice (legal or otherwise) about which searches you should undertake. If you are unsure you will need to check with your solicitor. Please read the following pages closely and answer any questions raised. The questions asked relate to your lot and are specific to matters that will transfer to the buyer. Where authority to search is required, please tick the box to authorise. The questionnaire will note whether the particular search is included in the search fee or additional.

Your details
If you are acting on behalf of the lot owner as a relative or friend, please select "I am acting on behalf of the lot owner" and ensure the owner can confirm your authority if needed.
Lot details to search
All these details will usually be shown on your “Notice of contributions”
Additional document or supporting documents
We will be undertaking a search of body corporate records. If you require additional documents other than those we will include for disclosure, such as a Sinking Fund Forecast, you may request them here. Be aware, some strata managers may charge an additional fee per page for copies.
By submitting this form, I hereby authorize MyBodyCorpReport.com.au to access and search the records of the Scheme.

Need Help Completing the Form?

If you’re unsure about any section or have questions, feel free to reach out. We’re here to help you through the process.

0415 818 261

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Implied Warranty - Order Search of Body Corporate Records

Select this option if you are looking for section 223 BCCM Act Implied Warranty information.

The form 2 seller disclosure statement includes a body corporate certificate. That certificate
includes information about the lot and crucial background information about the body
corporate.
What it doesn’t include is anything about matters ongoing in the common property of the
body corporate.
Section 223 BCCM Act requires the seller of a lot in a body corporate warrant to the buyer
that the common property is free from latent and patent defects except for those from fair
wear and tear or otherwise disclosed in the contract.
That means if there are ongoing issues in the common property of the body corporate those
matters need to be disclosed.
If you’re not aware of matters, then to find out you will need to carry out a search of body
corporate records and make a statement. This is referred to as an implied warranty
statement.

Cost

In the past we were able to take advantage of economies of scale and carry out implied
warranty searches in conjunction with disclosure searches.
With the shift to Form 2 seller disclosures and body corporate certificates we will not be
accessing the body corporate records so frequently. As a result we have had to shift the
implied warranty search cost to align with other inspection costs.

Seller search of body corporate records ……………………………………………………$300 incl GST

What’s Included in the Search

A standard seller search of body corporate records will include copies of the following
documents:
– General meeting minutes for last two years
– Committee meeting minutes for last 12 months
– Sinking Fund Forecast
– Copies of relevant pages any building / engineer reports for last ten (10) years
– Cladding compliance (if applicable)

If there is other information in the records, you require you are free to request that
information as well.
We will include the implied warranty statement with the search, however we will not review
the minutes rather refer buyers to the documents attached.

Turnaround Times

We expect most seller search of records to be completed within 3 – 5 business days,
variable depending on whomever manages the records.

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