Help - Sectional Title Experts

[air]

Morning all.
I am considering buying into a sectional title scheme. There are 5 existing units, with my recently completed unit, being number 6. Even though there are 5 existing units, they each maintain their own 'bits'(to what degree is the question), which includes the so called 'common property'.
In other words, they do not pay levies to a body corporate. If/when transfer does take effect, they would like to create a body corporate with trustees. My issue I have with this, is that other units are already a few years old, and would require more potential maintaining than my unit (areas/items that a levy would cover). I also do not want to be hit with an extra ordinary levy down the line to right any past ills!

Your thoughts?

Cheers
air

 

[Rocket-Boy]

In the sectional title complex that I have a unit we basically had the body corporate to maintain the public areas only.
There are rules about upkeep of property etc but that is at your own cost.
The levies were for garden services and maintaining the electric fences/gates etc.

 

[Kosmik]

Get a copy of the sectional title scheme and layout. It should clearly define what each section covers. There are also certain common areas/charges you would have to pay which can be water,refuse, communal rates for common prop and electricity for common property ie: external lighting etc.

 

[SaoirseB]

What Kosmik said.

I'm no expert, but I think your concerns are valid. I think by law, there is supposed to be a certain amount of money in the body corporates account. So if they're only starting out now, the levies might be high. And I think what you're talking about is the special levy.