The law in Queensland requires the Seller of a lot in a community title scheme to provide a disclosure statement to the Buyer of the property prior to entering into the contract. The requirement to provide this statement to the Buyer is an important one, as failing to do so gives the buyer the right to terminate the contract. It is a legislative requirement, and it cannot be excluded by agreement.

What is a Body Corporate Disclosure Statement?
A body corporate disclosure statement contains information about the lot being purchased and the body corporate, such as what current levies are payable, and the contact details of the Secretary and Strata Manager of the body corporate. It is sometimes called a section 206 (Short) Disclosure Statement.

A “BCCM Act disclosure statement 223 (Full)” refers to a statement provided by a seller of a lot in a body corporate scheme, which outlines any known latent or patent defects in the common property or body corporate assets, essentially providing warranties to the buyer regarding the condition of the shared areas within the complex. 

“To order a Disclosure Statement, complete the request form below. Once submitted, we will process your request as efficiently as possible. A confirmation email will be sent to the applicant upon submission. Please ensure all required information is provided to prevent any delays.”