You Can’t Sell Your Unit Because Information’s Getting Lost
You’re about to sell your unit, and you thought everything was ready.
Until your conveyancer tells you that you need to get your Form F and Form B.
You don’t have a clue what those are, and your council declares you don’t need it (they claim that it’s personal information that no one else needs to know about).
Cue a long, frustrating game of tug a war between council and conveyancer.
To start with, it’s important to know the definitions of Form F and Form B:
Form B: an informational form that covers a number of details regarding the home/strata lot. It’s typically requested prior to the sale of a home. Some examples of what’s in this form:
- Strata fees
- Outstanding fees
- Special levies
- Amendments to bylaws
- Strata lot number
Form F: a form that’s required during the sale of a home. It formally states that there are no outstanding fees on that unit, and that the homeowner is in good standing with the Strata Corporation or Homeowners Corporation.
Now you see why your conveyancer needs it!
Ways a good property manager creates a seamless selling experience:
- They make sure the process is generated by the realtor (not you!)
- They keep the strata council fully trained (and aware that they do, in fact, need to give out Form B’s or F’s if asked)
- They take the nitty-gritty out of the council’s hands – all paperwork is only dealt with by your manager.