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Recorded Webinars

Recorded Webinar: Doing the Due Diligence on a Strata Property Purchase (Vic)

All property purchases have their risks, but buying into a strata development brings with it some challenges. This session provides conveyancers with a guide to key issues and effective due diligence when it comes to acting for a purchaser of an existing strata property, includin
PRESENTED BY Leila Chalk Partner - Forty Four Degrees Lawyers & Consultants , Melbourne

Date/Time

About the Webinar

All property purchases have their risks, but buying into a strata development brings with it some challenges. This session provides conveyancers with a guide to key issues and effective due diligence when it comes to acting for a purchaser of an existing strata property, including:

  • Owners Corporation basics – the legislative framework, rights and responsibilities of an OC and recent reforms
  • Tips for dealing with an Owners Corporation, particularly the self-managed, and obtaining relevant information and documentation
  • What is your client purchasing? A discussion of relevant concepts including unit lots, common property and unit boundaries and air rights
  • Legislative disclosure obligations for the sale of strata units and how to interpret certificates – where Owners Corporations get it wrong and consequences for the sale
  • What does a purchaser need to see before buying a strata unit? Doing the due diligence including:
    • developer and building information for more recently completed buildings
    • Owners Corporation rules/by-laws and potential impact on the purchaser’s intentions
    • checking the insurance coverage
    • are there any outstanding claims for defective works or other liabilities?
    • analysing the sinking fund
  • Why it’s essential to see the meeting minutes and financial statements of the Owners Corporation for at least the last 2 years and what you should be looking for
  • Red flags for maintenance and repair issues and tips for delving deeper
  • Cladding concerns and current developments in Victoria on liability and rectification

Presented By

Leila Chalk
Partner, Forty Four Degrees Lawyers & Consultants Melbourne, Vic

Leila is the principal solicitor of Forty Four Degrees with a passion for commercial and property law. Leila is a published author and obsessed baker.

Leila presents at different property law seminars as part of annual continued professional development conferences and consults other lawyers in the area of practice management. She looks after lawyers and other professionals facing disciplinary proceedings from their regulatory body.

Leila has written a number of guides on property law available at the Victorian Law Foundation and has presented seminars annually at Law Week.

Who Should Attend?

This webinar is suitable for property conveyancers and lawyers practising in property law in Victoria. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Lawyers can claim 1 CPD unit – substantive law .

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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