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Thinking About Purchasing a Unit, Apartment or Townhouse in 2017? Think Twice Before You Act.

Are you thinking about purchasing a lot in a community titles scheme (that is, unit, apartment or town house on a property that has a body corporate)? If you are, you have many things to consider. In particular you MUST be aware of the rights, responsibilities and obligations which go hand-in-hand with buying/purchasing a lot. […]

Thinking About Purchasing a Unit, Apartment or Townhouse in 2017? Think Twice Before You Act.

Thinking About Purchasing a Unit, Apartment or Townhouse in 2017? Think Twice Before You Act.

Are you thinking about purchasing a lot in a community titles scheme (that is, unit, apartment or town house on a property that has a body corporate)?

If you are, you have many things to consider. In particular you MUST be aware of the rights, responsibilities and obligations which go hand-in-hand with buying/purchasing a lot.

To assist you in the early stages when you are considering buying a lot, the Office of the Commissioner for Body Corporate and Community Management has developed a new page on its website to assist you get better informed:

https://www.qld.gov.au/law/housing-and-neighbours/body-corporate/body-corporate-records-and-regulations/buying-a-body-corporate-property/

This information provides a useful start point for you to learn more about what owning a lot in a community titles scheme involves. Whilst the information is useful it is of course no substitute for qualified legal and other advice.

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If you have any queries on this topic or body corporate matters generally, contact our experienced Strata Law Team at Aylward game Solicitors, who will be only too happy to assist you on 1800 217 217 or emailing mail@aylwardgame.com.au 

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