Section 108, Australian Strata Searches

Sections of our report:

• What is a Strata Inspection?
• Official Documentation of the Strata Scheme
• Harmony, Notices and Orders
• Insurance
• Maintenance Levies & Financials Section
• Proposed Major Expenditure & Paid Invoices Section
• Other Matters

 

Section 108 Strata Searches Blog

"High Rise Headaches"

High Rise Headaches is a blog written by our Strata Inspector Benjamin Drexler about issues seen in the records of Owners Corporations whilst conducting inspections. We think it is an entertaining look at the ups & downs and the ins and out of living in an Owners Corporation.

Updated weekly on a Wednesday morning the blog is both relevant for those who live within an owners corporation and those who own strata property.

To read the latest post on "High Rise Headaches" or read past posts that may be of interest to you, click here.

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Official Documents of The Strata Scheme

Offcial Documents are those which govern the make-up and responsibilties of the Strata Managing Agent, Owners Corporation and Individual Lot Owners of a Strata Scheme. They are the foundaton of an Owners Corporation and are held by the Strata Managing Agent on behalf of the Owners Corporation. The sections of our reports that cover these documents are:

Strata Managing Agent

This section of the report provided contact details of the Strata Managing Agent as well as details of the Strata Managing Agency Agreement (SMAA). The SMAA is the signed contract between the Strata Managing Agent and the Owners Corporation and outlines the duties of the Strata Managing Agent. This sections notes the date on the contract and the License Number of the Strata Managing Agent as well as whether the Strata Managing Agent was appointed by the Strata Schemes Board, which may denote serious issues within the Owners Corporation.

See a sample of the Strata Managing Agency Section of our reports»

Certificate of Title

This is a government issued document held by the Strata Managing Agent on behalf of the Owners Corporation. It confirms the allocation of Units of Entitlement (U/E's) for each individual unit within a Strata Scheme. Our reports include the relevant details of this document for indiviual lots as it allows the prospective purchaser to confirm levies calculations against other Financial Documentation. The Certificate of Title also contains registration numbers for Additional By-Laws. However, details of additional By-laws are noted in the By-Laws section of our reports.
See a sample of the Certifiacte of Title Section»

Strata Plan

A Strata Plan looks similar to architectural plans and contains a date of Strata Plan registration that we include in our report. This date lets you know how long ago the building was registered as a Strata Scheme.

See a sample of the Strata Plan Section»

Strata Roll Information

The Strata Manager must keep a roll of all the Owners of Lots within a Strata Scheme up to date and in a format that contains the owners name, owners address and mortgage information of all Lots. The Strata Roll must also contain current Insurance information and a copy of the By-Laws of the Strata Scheme. However, most Strata Rolls are now maintained as part of a computerised program, rather than in hard copy. The Strata Roll section reports on information held in the Strata Roll for the Unit being purchased. 

See a sample of the Strata Roll Section»

By-Laws

The By-Laws are the rules that govern the rights and responsibilities of Occupants within the building. Additional By-Laws and Special By-Laws that may have been registered by the Owners Corporation are noted in this section.

See a sample of the By-Laws Section»

 

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