› Flat Chat Strata Forum › Living in strata › Why does every potential buyer have to pay for a strata report? › Current Page
12/09/2022 at 6:12 pm
#65280
86 strata
in NSW we have the same as you describe.
But this is not a strata report. A strata report, as we understand it in NSW , is not a mandatory part of purchase. It’s ordered by a purchaser to look at the finances, the minutes, the correspondence and any other records. It usually tells the story of the strata.
I see many properties for sale which have a strata report supplied by the owner. The question I pose is, if you were the vendor, would you commission a report that paints an adverse picture of that strata?.
Thats why a purchaser should always get their own independent examination of the strata records.