Body Corporate Notices

Q. Is a Seller obliged to notify a Buyer of Body Corporate Notices?

A. Yes. The Seller must notify the Buyer of any notices of Body Corporate meetings and any resolutions passed at Body Corporate meetings after the Contract Date.  Where a Buyer is materially prejudiced by any resolution passed after the Contract date that is not disclosed in the Contract they may be able to terminate the Contract.

What are the essential elements of a contract of sale on lands?
Buyers Guide
Sellers Guide

TIP – It is important for Sellers to continue to disclose these matters to the Buyer after the Contract date they can do this by providing this information to their Solicitor.

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Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the Ownit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

Andrew is a C-Suite leader with Chairman and Board experience.  He has formal qualifications in Business, Applied Finance and AICD Company Directors Course.

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