Buyer’s Agent Commissioned Strata Documents Assessment (For strata plan containing up to 50 apartments)
The Property Inspectors work closely with real estate agents, as they often engage our services to prepare reports for their vendors based on their instructions and briefs.
We are asked to produce our reports within a quick turnaround time, and we strive to provide reports within 24 hours to appease the vendor and listing agents’ brief or instructions. However, you need to understand that our reports are based on the documentary facts available to us at the time of inspection, whether it be within the strata company’s office or online, and what was available to us within that 24-hour period whilst producing the report and the documents at hand.
We strongly recommend that if a property you are recommending to your clients has an existing vendor-prepared strata report, you obtain a copy of that report and you commission your own report just before the exchange date. This will ensure a more accurate assessment of the property at hand, with any missing documents or facts within the initial vendor report, being included within our report that you commissioned from TPI.
we encourage you to request that any missing facts from the vendor’s report be part of your brief to TPI when commissioning our services. This way, we can prepare a buyer’s commission strata report that addresses your specific requirements and incorporates any previously missing information. This will put your office and your clients in a stronger position before proceeding with the purchase.
It’s essential to understand that consultants are paid to prepare a report based on the brief provided by their clients. While most consultants strive to act in their client’s best interests, it is in your best interest to commission your own strata report with your specific brief. This ensures that we work exclusively for your benefit and to address your specific concerns.
It’s worth considering the value of obtaining a report to protect yourself in a significant investment ranging from 1 to 5 million dollars, with our reports starting at $300. Just as we insure our cars, it is wise to invest in a report that provides crucial information and protection for your property investment.
By obtaining both the existing vendor report and commissioning your own report, you can have a comprehensive assessment of the property and be well-informed of any potential issues or missing information. This allows you and your clients to make informed decisions and proceed with confidence in the property purchase process.
The Property Inspectors Strata Reports include:
1. Who is the current owner?
2. What are the quarterly levies for the property
3. What are your voting rights?
4. What is your unit entitlement?
5. When are the levies paid up?
6. Have there been or are there any current or proposed special levies? (additional contributions outside your quarterly levies that may be raised for building defects or major works)
7. Does the strata scheme comply with Fire Requirements, Work Health and & Safety Obligations and Asbestos Management?
8. Is there any information in the records approving animals?
9. Are animals permitted?
10. How much is in the sinking fund and administrative fund?
11. Are any of the funds in deficit?
12. Are there any current legal matters? Have there been any legal matters in the past 3 years?
13. Building defects or homeowner warranty claims for defects
14. Breaches of By-Laws (Rules and Regulations for this building)
15. Is there any disharmony?
16. Major income and expenditure over the past 3 years; Proposed Major Expenditure
17. What is the current value of the building?
18. Is the building insured and if so adequately insured? (Details of the insurance and cover)
19. Are there any compliance-related matters within the records such as window and balcony compliance?
20. Is there a sinking fund forecast? (A report prepared to detail what the levy contributions should be over the next 10-15 years including detailed maintenance)
21. Are there any known disputes within the strata scheme?
22. Copies of annual general meeting minutes, extraordinary general meeting minutes and executive committee meeting minutes.
23. Copies of building reports and extracts from compliance reports.
Please download our sample report for further details
$300.00 Online Price
