Purchasing within a body corporate can be an exciting journey, but it also requires careful consideration. Before you dive headfirst into purchasing a unit, it’s important to ensure that you’re well prepared. By following these steps, you’ll be better equipped to make a wise decision when purchasing a property within a body corporate.
When purchasing in a body corporate, take the time to explore and connect with the community you’ll be living in. Here are a few things you can do:
Navigating the ins and outs of buying into a body corporate can be overwhelming. Ease your stress by enlisting the help of an experienced solicitor. They will guide you through the process and ensure you make well informed decisions.
You have the right to inspect the body corporate records, and here’s how to make the most of it:
Understanding the financial aspects of your purchase is key. Consider these points:
You may want to consider checking out our Complete Guide to Body Corporate Levies to learn more about levies, how they are calculated, where they go, and what services they provide.
After the dust settles on your property settlement, don’t forget to notify the body corporate of your purchase. This simple step ensures that you will receive all correspondence and benefits that come with joining the body corporate.
On 24 April 2024, the Queensland Government announced more changes to the legislation regarding pets. Taking effect from 1 May 2024 these will impact nearly all body corporate communities in Queensland. This article touches on those changes, how they compare to the previous legislation, and what it means for body corporate committees.
Like any communal living arrangement, disagreements can and do arise amongst residents. This article looks at the process of self-resolution and resolving disputes with other residents in a body corporate scheme.
