Body Corporate/ Strata Property
The laws relating to bodies corporate are complex and it is vital to ensure that prior to purchasing into a Body Corporate you are aware of all the issues pertaining to the scheme.
Our team's experience in the practicalities of the day-to-day operations of a body corporate and the body corporate industry as a whole guarantees that you will be provided with the best possible advice and protected from any legal complications that may arise.
We offer general advice to bodies corporate in relation to by-laws and legislative requirements and provide advice to numerous body corporate managers. We also prepare off-the-plan unit contracts and community management statements for developer clients.
Our Body Corporate team, have also been involved in some of the largest and complex Body Corporate litigation matters in Queensland, with many of these cases now the leading precedents on various Body Corporate matters.
If you’re a body corporate purchaser, it is vital that you understand about the Schemes sinking and administrative fund as well as being aware of the contribution levies that you will have to make as an owner. Another overlooked issue, is the that Body Corporates can issue further contribution levies at any time (e.g. if the roof is in a state of repair and has been overlooked and or the sinking fund is insufficient to cover the costs), so we always recommend to clients that a detailed search of the Body Corporate records is undertaken. A matter that we can arrange on your behalf and provide advice, if requested, on whether we believe:
that the records are accurate,
any problems that may arise from previous motions not passed by the Body Corporate,
pending and present litigation that the Body Corporate may be involved; and
the likely costs that the Body Corporate may be faced over the coming years.
With a growing number of retirees selling up the family home in search of something more manageable and investors drawn to the cheaper purchase prices, an eye must be kept on the additional expenses to maintain common areas which increases as the building gets older.
One of our friendly team are always on hand to take your enquires; so please do not hesitate to contact us on (07) 5563 8970 or email email@example.com