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When a developer proposes to build next door to a strata scheme, the body corporate needs to consider the impacts. What are a body corporate's rights regarding a neighbouring development?
Read on for more details on these three key things to know about neighbouring developments...
The courts will likely favour the developer, so you are better off negotiating access
A body corporate is entitled to payment for surrendering some rights
Any agreement requires approval at a general meeting of lot owners
Article Contributed by Strata Community Association (QLD)
Members may recall that last year significant changes were made to the Property Law Act which included changes to the Seller Disclosure regime.
Since this occurred, a Property Law Working Group was established (SCAQ is represented on this group) and we are working to develop the form of the seller disclosure certificate and the fees associated with it's production.
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