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Strata Report

Why you need a strata report when purchasing a unit.

When purchasing a unit it is essential that you obtain a Strata Inspection Report.

A Strata Report does not replace a building report but complements it. The strata report generally will tell you what the costs are for the whole complex (which all single unit owners contribute to) and a building report will advise you on the condition of your specific unit.

strata report

A quality strata report will provide the following details but  not limited to:

  • The current owners in the complex.
  • The levies are for the property, when they are paid to and if there are special levies for major works.
  • What your particular unit entitlements are.
  • The balance of the Sinking and the Administrative Fund and if they are in surplus or deficit.
  • If there is a Sinking Fund Forecast Report.
  • If there are there any existing or current legal matters or disputes.
  • If the scheme complies with fire regulations.
  • Are pets allowed.
  • Are there any building issues, existing or forecast.
  • The By-Laws.
  • What, if any major expenditure is planned or if in the last 3 years there has been any.
  • The current value of the complete building.
  • Building insurance details.
  • Records of all meeting minutes.
  • Copies of building reports and repairs etc.

Our price for a comprehensive strata report is $385 including GST.

You should order a strata report here when you order a building/pest inspection of the unit for your peace of mind before you commit to your purchase.