TIP

CityPress - - Business -

If you are con­sid­er­ing buy­ing a unit in a sec­tional-ti­tle com­plex, ask the es­tate agent to show you a copy of the body cor­po­rate’s lat­est fi­nan­cial state­ments be­fore you sign an of­fer to pur­chase.

The fi­nan­cials will tell you if the com­plex is well run and whether or not the body cor­po­rate wants to raise a spe­cial levy to paint the com­plex or carry out ex­ten­sive re­pairs.

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