Buying guide
Unit Title act explained: The apartment buyer’s guide
Everything you need to know before you buy a unit title property
AI summary
Buying a property under the Unit Titles Act means you automatically join a body corporate responsible for managing common areas and collecting fees.
Thorough due diligence is essential. Before buying, you or your lawyer should:
- Review body corporate rules and fees
- Check its financial health and meeting minutes
Recent law changes mandate vendors provide pre-contract and pre-settlement disclosure statements. These documents offer buyers greater protection by detailing key information about the property and any known defects.
What is the Unit Titles Act?
What you need to know when buying a unit title property
Unit title ownership works a little different to freehold.
Changes to the Unit Title Act in 2022
Unit title VS freehold
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