Apartment & Unit Buyer Checklist
Buying an apartment or unit? Check first.
Before committing to an apartment or unit, understand the Owners Corporation, common areas, property measurements, maintenance obligations and other important considerations.
Buying an Appt / Unit Checklist
Understand the Apartment Community
Speak with other owners and understand whether the property is suitable for your lifestyle.
-
Talk to other flat and unit owners within the same apartment if possible.
This will help you understand if that unit will be a suitable fit for your lifestyle. -
Check all the common areas shared by the units.
These common areas are usually maintained by Owners Corporation. Ensure that you’re comfortable with the Owners Corporation fees and facilities. -
Understand your rights and responsibilities as an owner.
Once you become the owner of the unit, you will be eligible to vote on decisions about the operation of your Owners Corporation and other responsibilities.
Owners Corporation
Understand the Owners Corporation, its finances, facilities and obligations.
-
Review the Owners Corporation Certificate.
More information about the Owners Corporation can be obtained from the “owners corporation certificate” attached to the Section 32 statement. -
Check whether the Owners Corporation is in debt.
Determine whether it has any financial liabilities. -
Check the Owners Corporation fees.
Understand how much you are required to contribute to the Owners Corporation fee.
Is the Owners Corporation in debt? Does it have any financial liabilities? How much are you required to contribute to the Owners Corporation fee?
Plan of Subdivision & Measurements
Check the plan and confirm that the property dimensions match the legal documentation.
-
Check the Plan of Subdivision with your conveyancer.
Understand if there is more than one Owners Corporation. -
Check the unit measurements.
Confirm that the unit measurements match with the Plan of Subdivision. -
Check the car space measurements.
Confirm that the car space measurements match with the Plan of Subdivision.
Maintenance & Building Works
Understand planned works, maintenance records and building warranties.
-
Check for proposed maintenance or repair works.
Understand if there are any proposed maintenance or repair works scheduled for the apartments. -
Ask for the maintenance plan / record.
Review available maintenance information before committing to the purchase. -
Ask for documents relating to guarantees and warranties.
Ask for any documents with guarantee and warranty on building work.
Building & Pest Inspection
Consider obtaining a professional inspection before purchasing an apartment or unit.
-
Arrange a building and pest inspection.
Building and pest inspection is very useful if you decide to buy an apartment / unit. -
Obtain a professional inspection report.
Professional building and pest inspectors can provide you a comprehensive report about any structural damage to the building as well as any hidden pest infestation information.
Engage Your Licensed Conveyancer
Get professional assistance before committing to the purchase.
A4 Conveyancing Pty Ltd
It is necessary to engage your licensed Conveyancer to help understand all legal contracts and obligations. Perform this task way before you commit to buying the property.
Werribee, VIC 3030
A4 Conveyancing Pty Ltd
Licensed conveyancer details provided in the original checklist.
Recommendation: Discuss the contract, Section 32 statement, Owners Corporation
information and your legal obligations before signing or committing.
Suite 3, 10 Watton St, Werribee, Vic. 3030
(03) 9749 8515
admin@a4conveyancing.com.au
Ready to get started?
Let’s make your next move simple.
Get in touch with our team today for a friendly, no-obligation chat.