General information on Strata Reports from Before you Bid

What is a strata report?
A strata inspection report covers all aspects that involve running and maintaining a block of properties, and all the common areas.

What findings are provided within a strata report?
a. Current property ownership and voting rights
b. Planned or previous major works
c. Quarterly levies and proposed special levies
d. Structural or building defects
e. Pet policies
f. Disputes or breaches of by-laws
g. Minutes from Annual General Meetings and Executive Committee Meetings
h. Sinking fund forecast
i. Strata scheme insurance
j. Compliance documentation

What are the limitations to a strata report?
The inspector can only comment on documents that were provided to them by the body managing the property. Documents may be missing or not provided to an inspector during a strata search. Self-managed properties may have limited documents available.

If you would like to find out more information about our partner Before you Bid, please request a call back from our Property Coaches here.

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