PH Property

Check the body corporate (owners corporation) prior to purchasing your townhouse, unit or apartment.
Before buying a property managed by an owner’s corporation, you should find out more about the owners corporation. You can get a copy of the owner’s corporation certificate or inspect the owner’s corporation register.

The owners corporation certificate is part of the vendors statement or section 32. It is the responsibility of the lot owner who is selling the property to ensure that the certificate is included by the section 32. You can also buy the certificate from the owner’s corporation. The certificate and register contain important information about the total fees, the allocation of lot liability and lot entitlement for the apartment or any legal liabilities. You should check:

- The cost of living in the owner’s corporation

- How well the owners corporation operates

- The information in the statement or section 32

- The information provided in the owners corporation certificate (which must be included in the vendors statement)

- The details contained in the plan of subdivision. You should check the boundaries of the lot and common property, the location of easements and whether the allocation of lot entitlements and liabilities is fair and reasonable

- The contents and conditions in the contract of sale

- The owner’s corporation register

- The matter contained in the owners corporations rules

- Any lease/licences of common property.

If you would like further information with regard to the owners corporation or need assistance in the matter please call our knowledgeable, friendly and experienced property managers on 54541999 or pop into the office at 38 Mitchell Street.