Buying a Unit? Don’t Just Look at the Apartment

Buying a unit or townhouse is about more than the kitchen, the view, or the floorplan. Before you sign a contract, it’s important to understand what you’re buying into, not just what you’re buying. Head Conveyancer Charissa Pascoe shares her insight in this short video.

When purchasing a unit in Queensland, many buyers rely on the Seller Disclosure Statement and the Form 33 Body Corporate Certificate. While these documents provide useful information about levies, insurance, and key body corporate details, they don’t tell the whole story.

A Form 33 is only a snapshot of the scheme at a particular point in time. A comprehensive body corporate records search can reveal issues that may affect your future costs, lifestyle, and investment.

Potential concerns can include proposed major works, special levies, building defects, maintenance issues, disputes between owners, and significant decisions being considered by the committee or body corporate.

These are the types of matters that may not be obvious during an inspection but could have a major impact after settlement.
Before your contract becomes unconditional, make sure you’ve completed the right due diligence.

At Argon Law, our property and conveyancing team helps buyers understand the risks, obligations, and opportunities associated with buying into a community titles scheme.

📞 Thinking about buying a unit or townhouse? Contact Argon Law today to discuss whether a body corporate records search is right for your purchase.