A strata inspection report is a report that all purchasers of a strata titled, community titled or company titled property should invest in whether this is a residential or commercial property. The report is a full review of the Owners Corporation records. A potential purchaser can organise the strata company to produce a report on their behalf or they can organise a time themselves to attend the strata managers office and look over documents.
With all strata titled properties there is the possibility of buying into an undesirable situation. It is therefore important to obtain all the facts before a decision is made. A Strata Report can help you avoid issues which otherwise may not be apparent and save you years of stress and financial loss. Alternatively, if no issues arise from the report you will have peace of mind and can proceed with your purchase.
A Strata Inspection Report is similar to a building report when someone purchases a house. By no means does this replace a building inspection report though. The big difference is a Strata Inspection Report will report on the building, also known as the Strata Scheme. It will provide precise details of what is happening within the building or complex.