Body Corporate Records Inspection Reports Specialists
Sun City Legal Services is a specialist Body Corporate Records Inspection Reports provider based on the Sunshine Coast, with an exceptional team focused on getting the best results for our clients across Queensland.
A personalised report built for your purchase
We offer a personalised approach designed to give a buyer real insight into the Body Corporate scheme they will become an automatic member of once the purchase is finalised. Knowing that your best interests are being taken care of allows you to focus on the important tasks involved in purchasing a property.
Our reports are designed to assist buyers and their advisers with every part of the conveyancing process, from a Disclosure Statement review to a Comprehensive Body Corporate Inspection Report. Each report is designed for purpose, accounting for the age, size and complexity of the scheme.
On receipt of a request, a thorough inspection of the Body Corporate Records is undertaken by an experienced Body Corporate Inspector at the location where the records are held. Once the information is collected and reviewed, a report is compiled, checked by our specialist report team, and delivered electronically.
How important is a body corporate inspection report?
A Body Corporate inspection report can be the difference between buying with confidence and buying blind. Most purchasers rely on the information a sales agent provides, but that information is not independently verified, and gaps in it can be costly. Without a report, you risk acquiring a property with undisclosed defects, inadequate insurance or sinking fund provisions, upcoming special levies, or a car park you assumed was allocated to the unit that is not.
When you are buying a lot in a Body Corporate scheme, you are not just buying the unit. You are buying a share in the common property, including things like car parks, gardens, tennis courts and swimming pools, and a share in the Body Corporate’s financial position and any disputes or litigation it is involved in. A comprehensive inspection report checks the records behind all of this before you are locked into a contract, giving you the facts you need to negotiate, adjust your offer, or walk away.
Although our services are well known among buyers who have done their homework, many purchasers still do not realise this kind of due diligence is available, or how much it can protect them.
Body Corporate schemes come in many forms
When buying into a Body Corporate scheme, there are many factors a buyer may not be aware of, whether they intend to live in it or not. Buyers need to be well informed about the differences between living in a normal residential house and the rights and responsibilities of Body Corporate living. Each structure has different requirements, by-laws and responsibilities you should understand before committing to purchase.
- Residential
- Commercial
- Retail
- Mixed use: retail, commercial and/or residential
- Layered schemes
- Serviced apartments
- Retirement villages
- Caravan parks
- Resorts
Apart from the by-laws owners have to abide by, there are levies payable quarterly or monthly. These levies fund the maintenance of common property and shared expenses, such as common property lighting, pool maintenance and lift maintenance.
Owners co-own the common property with all other owners and share responsibility for ensuring administrative and financial matters are handled in a way that avoids issues down the track. For example, failing to maintain common property can result in a special levy. It is important that owners stay across what is discussed by the committee and have their say by voting at annual meetings. If you do not get involved, you are effectively allowing others to control the success and harmony of your investment.
Questions to ask when buying into a Body Corporate scheme
There are a number of questions purchasers need to understand before committing to buy, as the future implications of not having a full picture of how the scheme functions can cause unwanted stress and financial hardship.
Ready to request your report?
Get in touch with our Sunshine Coast based team to discuss your requirements, or request a report through our secure online portal.
Call us on 07 5458 6878