What consumer protection applies to purchasers of strata title properties in SA regarding disclosure of strata information?
Correct Answer
B) The vendor must provide prescribed strata information including financial statements, minutes, and details of the strata corporation's affairs
For strata title properties, the Form 1 must include prescribed strata information such as the strata corporation's financial statements, any outstanding levies, sinking fund details, minutes of recent meetings, and any current or pending litigation.
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