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Can anyone advise please what is the current (Jan 2012) statutory fee for a search of strata records? Commercial fees seem to be around $248 but we assume this is more than the regulation fee for an individual applying direct to the strata manager/EC.
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If we are talking about a section 108 search of the strata records then see https://www.legislation.nsw.gov.au/maintop/view/inforce/subordleg+492+2010+cd+0+N
into your browser.
The current rate appears to be $30 for the first hour and then $15 for every additional half hour; or part there of.
Current version for 6 January 2012 to date.
About 12 months ago I applied for three Strata searches and was charged $250 each (Sydney, NSW).
That was supposed to be the discount rate as I was referred by my conveyancer.
They were very thorough, and I was happy with the result.
After also paying for building inspection and pest checks, and clarification from the conveyancer and discussing the different places, I know I have bought a good place to live in peace and harmony with my neighbours.
FlatChatFan said:
About 12 months ago I applied for three Strata searches and was charged $250 each (Sydney, NSW).
It sounds like you are talking about what some people call a pre purchase strata report or strata inspection. $250 sounds about right.
A report, or inspection, is where someone goes in and does a s108 search of everything and rights up a report for you. There are several examples of reports that can be found on the net.
The cost and quality / detail in a report vary from operator to operator and there is currently no qualification required to be a “strata inspector”.