› Flat Chat Strata Forum › Living in strata › Why does every potential buyer have to pay for a strata report? › Current Page
We have a similar system in NSW. But a proper strata report is something else entirely and can be a deep dive into the minutes, agendas and decisions of the committee, as well as a look at correspondence and finances.
Thanks for the clarification, I now understand where you and Kaindub are coming from. I guess I view the vendor disclosures and the strata reports (ours in the above example totalled something like 50+ pages when the full 10 year maintenance plan was included) as ample for most buyers, but a more forensic report would be helpful for the buyer and perhaps demonstrate the sound or otherwise governance in place. That kind of report is something that current owners would find very insightful too, so perhaps something that could be a part of an annual/biennial ‘strata audit’ of sorts (if such a requirement existed, it would be a great report I think but could discourage committee members from signing up). How that report would clearly be able to identify that the committee was ruled by a dominant chair or that decisions were made to largely favour of a few vested interests and that the report writers would be able to write that as being the case, I can’t quite see though.
Thanks too for your work in putting together this site, Jimmy. It is a great resource for the strata community.