Question 1 : How would the LFM work for a strata title property / body corporate? When you buy a property in a strata title, do you contract with the Strata Management company / Body Corporate as part of your contract of sale / agreement / offer? They have talked about the Strata Titles Act but I think I’ve worked out from Greg and John that this is just a legal code, act and statute…? so im not too concerned about the Act but my main query is that does one contract with the strata company when purchasing a house in a strata title? I have thought long and hard where I might be able to get this information like the settlement agency but I don’t think I’d be successful in fulfilling my query. I don’t think they’d know what I’m talking about.
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