Importance of Strata Inspection Reports When Buying A Property

The Benefits of Regular Maintenance for Strata Properties

strata report before buying

Before you purchase a strata property, you need to ensure that your investment is a sound one. The easiest way to get this done is by having a strata inspection done before you sign any papers for the sale.

A strata inspection is done by a professional building inspector and then a strata inspection is written to give an account of the findings. Below we will discuss why strata inspection reports are needed, how they are compiled, and what the process of a building inspection entails.

Montano Strata Management is a strata management company with a difference, we can help you deal with virtually any strata issue that you may have.

What do strata inspectors do?

A strata inspection covers two aspects. Firstly, it describes the state of the building including common areas. Secondly, it investigates the rules and inner workings of the strata scheme to see if there are any clauses that may be problematic to the new owner. Most strata inspection reports also cover the agreement of sale, the operations of the strata title, and other intangible attributes of the property that is being sold.

Why are strata inspection reports needed?

Strata inspection reports are important if you are thinking of buying into a strata scheme. This is because unlike other properties, strata schemes have rules and regulations that you will be expected to abide by after your purchase. You need to be made aware of all of these before you purchase so that you are not found in breach of the rules unwittingly.
A strata inspection report will assure you that you are buying into well-maintained strata and reveal any maintenance issues the strata scheme may have.

What is included in a strata inspection report?

A strata report is an all-inclusive document that covers the different aspects of a strata title.

Included in the report will be:

  • The strata scheme’s financial status
  • The strata scheme’s budget plan
  • The strata scheme’s forecast and sinking fund record
  • The strata scheme’s current, previous and pending building works and defects
  • The strata scheme’s legal disputes past and present
  • The strata scheme’s by-laws and breaches
  • The strata scheme’s owners’ voting rights and entitlements
  • The strata scheme’s compliance with fire asbestos and WHS requirements
  • The strata scheme’s current value

If you are looking to pre-purchase strata reports, give Montano Strata Management a ring today!

Do you have any questions regarding residential and commercial strata management? Are you looking to switch strata managers? Not altogether satisfied with the information you’ve been getting from your current strata managers? Don’t hesitate to contact Montano Strata’s qualified team today.

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    How to deal with Asbestos in your Strata

    How to deal with Asbestos in your Strata

    asbestos removal in Strata

    These days when we hear of asbestos in a building, there tends to be panic, and everyone starts to fret about the health-related issues that asbestos brings. This was not always the case though, up until the 60s asbestos was widely used in Australia as cheap, easy, and fire-resistant insulation material. For this reason, we still have some buildings that have asbestos.

    At Montano Strata Management, we have many years of strata management experience and have dealt with a wide range of strata issues including removing asbestos. In the event that you suspect that your building may have some asbestos, we have a plan that you can follow down below.

    Asbestos health risks

    Contrary to what you may have read, asbestos is not always harmful to health. Asbestos can become harmful as it ages or it is damaged. It breaks down into small pieces that can be inhaled and settle in the lungs. With time, these small bits of asbestos in the lungs can cause asbestosis (this is when there are scarring and inflammation in the lungs). Other diseases linked to asbestos inhalation include pleural mesothelioma which is a type of lung cancer that affects the pleura. Minimal exposure to asbestos is harmful so it is important that as soon as asbestos is found in a building, it is removed quickly.

    How to identify asbestos in a building

    If your strata building was built before 1980 there is a high probability that some asbestos was used in the construction. Asbestos was used in the fibro sheeting in walls and ceilings, water drainage pipes, roofing shingles, carpet underlays, and gutters.
    Unfortunately, asbestos cannot be identified by eye in most cases, so if you have an inkling that you may have asbestos in your building, you need to get the professionals in to confirm its presence.

    What to do next

    If it is confirmed that you do have asbestos on your property, you need to use a licensed professional asbestos removalist. The process of getting asbestos removed is very delicate and can be dangerous to those involved. All residents will need to be made aware of the asbestos removal process that will be taking place so that they can protect themselves accordingly.

    If this sounds like a big headache that you are not ready to deal with, give us a ring. We have many years of experience managing strata titles and dealing with any problems that they face. We will be able to help you manage the removal of asbestos or any other challenge you may have.

    Categories

      Looking to Change, Its Easy!
      Request a Quote Today

      Montano Strata Management is a family business that cares, we believe in promoting a strong and mutually respectful relationship.

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