Before buying a property within a community title scheme reach out to our body corporate lawyers, to ensure that you fully understand and are mindful of the structure, risks, and costs that are associated with the complex. Gaining expert legal advice from our body corporate lawyers who will relieve you from the complexities of the transaction so you can focus on enjoying your new property.
All ‘community title schemes’ e.g. townhouses, apartment complexes, high-rise condominiums, strata title retail, and industrial precincts – have common features. Because each one is customized by its developer to achieve the desired outcome for that particular project, each community title scheme is unique and may contain unexpected owner obligations.
Our expertise in community title and body corporate issues gives developers and buyers a substantial value add in the establishment of community title schemes and their operation and management.
The Body Corporate and Community Management Act 1997 (Qld) provides for flexible and contemporary communally based arrangements for the use of freehold land. – QLD Legislation
Off-the-plan unit purchases
Because these deals involve the acquisition of something that does not exist at the date of the contract, special attention is required to ensure both buyer and seller understand the obligations of each party. plans, specifications, management arrangements, bylaws, and caretaking roles must all be documented and interpreted at the time of the transaction.
Off-the-plan community title contracts are highly regulated and expert attention from experienced body corporate lawyers is essential on both sides of the transaction.
If you are seeking advice about your body corporate rights and obligations, or if you would like to address any other aspects of body corporate law, call our office on 1300 590 613 to get advice from our body corporate lawyers to your particular circumstances.