Strata Records Inspected - Tuesday, 08/10/2019

42 Units

SP61025 occupies a stratum lot in DP270174 Williams Parade Community Association.

Block 5 is SP61711, Block 6 is SP61025, Block 7 is SP57950 & Block 8 is SP58765.

The Community Association is a separate legal entity. It keeps its own accounts, budget, minutes and correspondence. It is financed by levies collected from the Owners Corporations (and any separate individual lots) in proportion to their Association Units of Entitlement.

The Community is managed under the terms of a registered Management Statement. You should have received a copy of the statement as part of contract documents and we recommend its terms be clearly understood. The Management Statement usually gives the Community the power to make decisions binding on all subsidiary schemes and on individual owners with the Community.

As part of our inspection we have conducted a limited review of Association minutes and correspondence for the purpose of identifying any issues likely to have a material impact on individual lot owners. Our comments are later in this report.

99 Pages

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