I did a search recently where a special levy was issued. A special levy is one of many red flags in a strata search, an indication there may be bigger problems so, hey, you best investigate. On that occasion the small special levy turned out to be the tip of a complex situation that’s going […]
posted on August 18, 2014 by
How To Decide If Body Corporate Problems Will Affect You
My role is to find body corporate problems. Find them and report them to the buyer or buyer’s Solicitor. But not all body corporate problems are actually, well, problems. A lot depends on their impact. This article is about weighing the pros and cons of body corporate problems to decide if they’re an issue for you, […]
posted on July 15, 2014 by
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 […]
posted on July 8, 2014 by
I’m Buying Off The Plan: Should I Still Get A Strata Search?
I say to everyone I meet who’s considering buying a unit “get a strata search!” There are simply far too many things that could go significantly wrong and end up costing you a fortune and / or make you miserable. Of course, I have ulterior motives because I am a strata searcher. It’s still good […]
posted on May 13, 2014 by
15 “Red Flags” In A Strata Search
I spend my days reading reports and trying to decipher what they mean, usually so I can report that information to others in a strata search. As a Strata Searcher you learn pretty early on that it’s best to be thorough in reporting. If you don’t you’ll end up going back to answer questions, or […]
posted on April 2, 2014 by
How Do You Do A Strata Search And Can I Do It Myself?
Strata searching is not rocket science. Actually it’s not any sort of science. Doing a strata search is about reading, and anyone can do it. When I learnt strata searching a very knowledgeable lady took me out into the field and walked me through the process. She then spent the next month sitting in the […]
posted on March 19, 2014 by
Who Gets A Strata Search?
Strata searches, or body corporate roll searches as they’re called here in Queensland, are, well, my reason for being in business. I believe that buying into a body corporate without actually finding out what’s going on is just nuts! There is lot that can go wrong, and not just financially either. Sometimes, often actually, the […]
posted on December 20, 2013 by
Should I Order A Full Or Short Body Corporate Records Search?
MyBodyCorpReport.com.au offers two types of pre-purchase body corporate records search; a short form purchaser search and full purchaser search. But which one is right for you? The two reports are designed to meet differing needs. Short Form Body Corporate Records Search As a search agent I have no idea what issues are going to be […]
posted on April 8, 2013 by
Body Corporate Insurance Valuations
Body corporate insurance valuations are a vital tool in ensuring (pun intended) lot owners are fully indemnified should anything happen to the body corporate. The Body Corporate & Community Management Act 1997 says The body corporate must take out the following building insurance: – building format plan (BFP) — insurance for the full replacement value of […]
posted on April 2, 2013 by
My Body Corporate Doesn’t Have A Name
When you’re dealing with body corporates in Queensland one of the first thing that most people in the industry will ask is “What’s the name of your building or complex?”. That’s because, in Queensland, body corporate names are how schemes are indexed. But wait you say, my body corporate doesn’t have a name. Actually in Queensland all […]
posted on April 1, 2013 by
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 […]
Unless stated otherwise all the information on this website relates to Queensland legislation.
