What documents should I receive when buying into a body corporate?

Before settling on a lot in a body corporate scheme, you should obtain and review: - **Community management statement (CMS)** — by-laws, lot entitlements, exclusive use arrangements - **Most recent AGM minutes** — current budget, levy amounts, any decisions affecting the scheme - **Financial statements** — balance of the administrative and sinking funds - **Sinking fund forecast** — planned major expenditure over the next 10 years - **Body corporate search** — current levies, outstanding levies on the lot, any disputes or legal proceedings - **Seller's disclosure statement** — legally required information about the scheme's current state Review these documents carefully — ideally with your solicitor — before you are committed to purchase. They reveal the financial health of the scheme and any issues that will become your responsibility from settlement day. This article is general information only and not legal advice.