Looking to purchase a sectional title unit? Have you considered Insurance?
The Body Corporate is required to insure the buildings and relevant areas of the common property.
As a potential purchaser to a Sectional Title Unit it is imperative that the purchaser makes the relevant enquiries to satisfy themselves that the Body Corporate has obtained adequate and comprehesive cover in the event of a disaster occuring.
* For instance a big tree falling on your unit’s roof during a storm, or your unit being flooded as a result of a massive storm or municipal water pipe burst.