Unit Title act explained: The apartment buyer’s guide

Buying an apartment or townhouse often means purchasing a unit title, governed by the Unit Titles Act. This makes you part of a body corporate responsible for managing shared property like gardens and lifts.

Thorough due diligence is crucial. Buyers should review body corporate rules, fees, financials, and meeting minutes. The Unit Titles Amendment Act 2022 strengthens buyer protection by requiring sellers to provide mandatory pre-contract and pre-settlement disclosure statements detailing key information about the property and its governance.