By Jason Prismall, Legal Director of Conveyancing Solicitors, 11 July 2013
The Queensland Government has just advised that the commencement date for the remaining provisions of the Body Corporate and Community Management and Other Legislation Amendment Act 2013 will be 1 August 2013.
These provisions change the requirements for the Disclosure Statement given by a Seller to a Buyer of a community title lot so that there is no longer a requirement for a Seller to provide the Buyer with a Community Management Statement (CMS) on the sale of an existing lot.
There are also other amendments dealing with termination and cancellation rights arising from the disclosure amendments.
This is another measure by the Queensland Government to cut down the red tape for conveyancing Contracts.
A Buyer who requires a copy of the CMS can still obtain the document by doing a search.
Conveyancing Solicitors are conveyancing experts and we can give you up to date advice if you have any concerns as a buyer or a seller of a unit, townhouse or apartment.
For more information about conveyancing, contact us on 1800 451 820 or by email to [email protected]