INCLUDE_DATA

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!!

KTSC_web banners_option3_property 

Technorati Tags: ,

If you enjoyed this post, make sure you subscribe to my RSS feed!


Update on strata titling project – Journey of a property millionaire

Sunday Sep 13, 2009

It was all going pretty smoothly, but have hit a road bump….

I was going for a building format strata title which theorectically gives me a much easier route through council.

Unfortunately, one of the checklists needed by the council is a building certificate.  Unfortunately, my units don’t have one so now I need to get one.  Unfortunately, this means more expense and a requirement to put in a firewall if there isn’t one currently.

If I had a certificate I would bave been able to complete the strata title with no firewall installation…

Will keep you up to date with the final stages of this particular project.

KTSC_web banners_option3_property

Technorati Tags:

If you enjoyed this post, make sure you subscribe to my RSS feed!