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Strata Titling Update – Journey of a Property Millionaire

Monday Oct 26, 2009

Hi there,

We have finally received a time for the council to do their property inspection to see what needs doing to bring the properties up to scratch in terms of new regulations and strata title into two separate units.

My surveyor called me and gave me the contact details of a fire safety specialist who can give me some options that may produce a way round the need for any building inspections.  Let us see what happens?

In terms of the process, a quick refresh at who I engaged and how much the process is costing as some of the bills are coming in.  My lead has been a surveyor and they are costing $2,500 for the whole process.  They do all the plans and council submissions and will need access to the place

You also need to engage a solicitor or conveyancer; careful on this front as they often charge by time and not a fixed price so can catch you out.  Will let you know how this works.  These guys set up the legal stuff like a coporate body.

I am also likley to have to engage a third to run the corporate body as I don’t fancy all the paperwork.  Again will let you know the final tally as we go through the process.

Fingers crossed on the council inspection!!

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