We provide a 1-page report based on an analysis of your Strata Title Contract, helping you to identify positive and negative contract elements, providing contextual advice regarding your contract that you can take to your professional legal advisor for further information (with increased focus and reduced expense) to help you make high-value purchase decisions.
Our learning modules guide you in identifying the roles and responsibilities of owners, managers, committees, and boards, with learning in how to identify risks, good vs bad contracts, rules, budgets, insurance, levy collections and sinking funds that will affect you. These modules will help you with peace of mind, with more of a guide that your strata contract works optimally for you.
Our advertising portal showcases developers, marketing groups and other suppliers who present their ethically presented product (finance, building and pest inspections, etc.) to the client base after their product has been given the strata check stamp of approval.
We provide you with a professional and cost effective platform to evaluate the pitfalls associated with one of the most important investment decisions you might make.
There are people every day entering into contracts to buy strata property that really have no idea what they are buying. They probably put twice as much time and research into booking a family holiday for a week than they do when buying a $350,000 to $3m Strata property. People might research location, price, features and amenities but that is about where the research ends.
Probably the single most important document in the whole process seems to get the least scrutiny. In fact, people seem to go to great lengths to find the cheapest solicitor possible straight after signing a contract and paying a deposit.
The contract of sale and particularly the disclosure document attached to it are the critical documents in the process. The type and size of project you are buying into will determine the size of the disclosure document that will attach to your contract of sale.
Disclosure docs can range from 100 to 500 pages, sometimes up to 900 pages double sided. Obviously no solicitor charging $450 per hour is reading the entire document. You can take your document to your solicitor with prior knowledge of key areas of interest or concern and reduce the cost of your legal engagement. Strata Check provides information and knowledge to you to give you a better understanding of what you are buying.
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