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What does the Body Corporate review and analysis by NQ Buyers Agent include?

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Our Service

Our Body Corporate review and analysis is a comprehensive, expert-led deep dive into the management and financial health of the Body Corporate associated with the property you are considering. This is designed to uncover potential risks, obligations, and opportunities that could impact your ownership experience and investment security.

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Details

  • Financial Health Assessment: We scrutinise the Body Corporate’s financial statements, focusing on the adequacy of the sinking fund, recent special levies, and ongoing fee structures to identify any hidden or upcoming costs.

  • Governance and Meeting Minutes Review: By examining recent meeting minutes and correspondence, we identify any ongoing disputes, management challenges, or planned major works that might affect you.

  • Management Practices Evaluation: We assess how well the Body Corporate manages common property, maintenance schedules, and compliance with relevant legislation, ensuring standards are being upheld.

  • Bylaws and Restrictions Analysis: We review the Body Corporate’s rules, including pet policies, renovations, rental restrictions, and noise regulations, so you understand any limitations on your lifestyle or property use.

  • Historical Stability: We investigate the history and reputation of the Body Corporate to reveal patterns of mismanagement or financial instability.

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Client Benefits

In North Queensland, Body Corporate arrangements can be complex, varying from well-run, transparent organisations to those with hidden financial or governance issues. Our specialised knowledge and experience navigating these structures means you avoid surprises, and can confidently evaluate how the Body Corporate may impact your enjoyment and the long-term value of your property.

Phone Jennifer Smith on 0419 772 237

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