Owners Corporation questions

Helping prospective buyers with their Owners Corporation due diligence

These questions enable us to assist prospective apartment buyers more clearly understand the current health of the Owners Corporation they are interested in buying into. All information remains strictly confidential and will only be provided to our report customers with written authority of the current lot owner.

Owners Corporation data collection (Vic)

Property address*
Apartment number*
OC manager name*
First Last
OC manager company name*
OC manager contact number*
1. Are there any known outstanding building defects?*
- Yes
- No
- Decline to answer
Building defects defined as a fault or imperfection resulting from poor design and/or construction of a building.
1.1 Please select known that defects that apply*
Please select that defects that apply (Ctrl key or command/ ⌘ to select multiple)
Please elaborate
1.2 Are these defects covered by developer/builder warranty*
- All covered
- Some covered
- None covered
- Decline to answer
1.3 Please supply the most recent building defect report if available
Accepted file types: pdf, doc, Max. file size: 10 MB.
If applicable
2. Has the Owners Corp received a formal Cladding Rectification Notice or Order from the for Victorian Building Authority?
- Yes
- No
- Decline to answer
2.1 If yes, what is the current status of this notice or order?
Max 1000 characters
3. Have there been any special levies since incorporation?*
- Yes
- No
- Decline to answer
3.1 Please provide further detail*
Max 1000 characters
4. Are there currently plans for any special levies?*
- Yes
- No
- Decline to answer
4.1 Please provide further detail
Max 1000 characters
5. Is there any previous or active litigation involving the Owners Corp?
- Yes
- No
- Decline to answer
5.1 Please provide further detail
Max 1000 characters
6. Are there any notable Owners Corporation Special Rules?
- Yes
- No
- Decline to answer
6.1 Please provide brief further information
ie special rules are highly specific to this owners corporation
7. Is the building pet friendly?*
- Yes
- No
- Decline to answer
8. Is the building bike friendly?*
- Yes
- No
- Decline to answer
9. Please check common area security in this building*
Please select that defects that apply (Ctrl key or command/ ⌘ to select multiple)
10. Number of guest parking spaces?*
11. Contract term of the current Owners Corp management?*
Please enter a number from 1 to 10.
In years
12. Contract term of the current building management? (if any)*
Please enter a number from 1 to 10.
In years
13. Are there any move-in restrictions in the building
- Yes
- No
- Decline to answer
(e.g. moves need to be booked with the building manager on specific days and hours)
13.1 Please provide more information
eg specific move-in says/hours, induction required etc
14. Is there a formal emergency plan?*
- Yes
- No
- Decline to answer
15. Is there a formal maintenance plan?*
- Yes
- No
- Third Decline to answer
16. What is the formal grievance procedure?*
17. How would you describe known short stay activity in this building?*
- High (20 lots or more to your knowledge)
- Medium (5-20 lots to your knowledge)
- Low (less than 5 lots to your knowledge)
- Unknown
- Decline to answer
18. What are the primary reasons for any recent increases in annual operating or long-term maintenance budgets (if any)?
19. How would you describe the overall financial health of the Owners Corporation?*
- Good
- Fair
- Poor
- Decline to answer
Relative to other plans in your portfolio
20. How would you describe the quality of the current Owners Corporation committee?*
- Good
- Fair
- Poor
- Decline to answer
Relative to other plans in your portfolio
Final question - How would you describe the quality of the current community?*
- Good
- Fair
- Poor
- Decline to answer
Relative to other plans in your portfolio