Today I speak with Mark Atkinson from Atkinson Legal about buying into a Strata Property.

Mark has been providing Strata specialist legal advice for the last 26 years. Mark assists developers with creating strata schemes, the necessary contracts for the sales of the lots, assists people with strata matters & representation & strata companies who are seeking to despatch or terminate their scheme.

Listen in as we chat about why it is best to firstly consider what type of property you want to buy into, are you looking for amenity or may be a desirable location or type of community; Detached housing, a 2 or 3 storey walk up strata scheme or maybe a taller building with a lift, usually more amenities, pool, gyms etc. 

Then once you have selected which type of strata is for you, drill down to get more detail.

Due Diligence - No matter how large the proforma offer & acceptance folder is (this always includes Special conditions, Joint Form of General conditions, strata plan & by laws) - always read understand these before you decide to make an offer. This information is critical and will help you with a smoother transition to living or investing in your new strata property.

The best owners come into a property with their eyes wide open, they understand what they can and can’t do in the scheme therefore giving you the best possible experience when living or investing in your new strata property. StrataChat helping you create your own thriving Strata Community.