Purchasers Strata Inspections Pty Ltd Online Commentary

BUILDING DEFECTS AND OTHER MATTERS

The inspector will be concerned to find any reports or quotations within the records that may relate to building defects or serious maintenance issues. Sometimes there is nothing more than mention of a problem in the minutes of a meeting, with no further mention to indicate whether or not the problem was resolved.

A purchaser should carefully read this section of the report and be aware of the implications of expensive repairs or rectification works on the level of levies. Whether or not this is a serious issue for the purchaser may depend upon the level of funds the owners corporation has put aside to do any required work. The purchaser’s solicitor will be able to advise whether there is any prospect of the owners corporation being compensated via an insurance claim or action against the builder or a builder’s consultant. That may even be a matter dealt with in the owners corporation’s records, in which event the inspector will make a notation in the report.

It is worth noting that the best protection against building defects and serious maintenance issues is an inspection and report from a competent building consultant. These can be expensive but should be seriously considered if there is any concern about the state of the building or community.

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About The Commentary

This commentary has been written by Gary Bugden OAM DUniv. Gary is the Chairman of the Board of Directors of Purchasers Strata Inspections Pty Ltd.

Gary Bugden has been Australia’s leading authority on strata and community titles for the past 40 years.

He has authored numerous books and loose-leaf services on strata related subjects and has provided this commentary to assist purchasers to interpret and apply the contents of this report.

The commentary is not intended as a substitute for legal advice and purchasers should refer any concerns they have about the contents of the report to their solicitors or conveyancers for proper analysis and advice.

While every effort has been made to ensure the accuracy and relevance of this commentary, neither Gary Bugden nor Purchasers Strata Inspections Pty Ltd will accept any responsibility for any inaccuracy or incompleteness of its contents, nor if at the time of use it is out of date. They each intend to rely upon this exclusion of liability in the event that a purchaser suffers any loss or damage as a consequence of relying upon any part of this commentary.

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