IF YOU ARE SELLING A STRATA PROPERTY

There are many changes to what is required to be given by a seller before the contract is signed under the reforms to the Strata Titles Act.  The onus now lies with the seller to provide better buyer specific information to the buyer that has been set out in a clear way to ensure that the buyer is aware of what it is that they are buying before the contract is signed.  Under the reforms the obligation is set on the seller to provide reasonable information to the buyer who can avoid the contract if the information is not provided by the seller.

 

Engaging a STRATATAC Strata Consultant will save you time, money, and stress as we make sure that everything is done according to the Strata Amendment Act 2018 and the accompanying regulations.

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As seller of a strata property in Western Australia, STRATATAC can assist you with any of the following or anything else to do with a strata property.

Woman in Artistic Room

  • What the changes in the reforms mean to you as the seller

  • Are you aware of all the documents and plans you need to provide to the seller?

  • Do you know what you are really selling?

  • Is it a built strata or a survey strata?

  • Do you have the minutes of the last meeting/s?

  • Or is a statement provided if there are no minutes or statement of accounts?

  • Is the financial position of the strata company healthy?

  • Does the strata company have any debts?

  • Are there any debts outstanding on the strata lot you are selling?

  • What bylaws are in place and are there any proposed bylaws?

Modern Apartment Block

  • Are the budgets in place with administrative and reserve budgets?

  • Who are the members of the Council of Owners?

  • Is the strata professionally managed or self-managed?

  • Is there a strata maintenance plan?

  • Do you have the current levies and 12 month budgeted levies?