7 things to look out for in a Strata Report
It is imperative for any buyer who is looking to purchase a strata property to purchase a strata report detailing the actual and expected financial liabilities of the Body Corporate that the purchaser will be joining. A strata report should also outline any non-compliance with regulations, disharmonies among the unitholders, litigation against builders or tradespersons as well as any peculiar aspects of the apartments by-laws.