348/2 The Crescent, Wentworth Point (Lot95 SP77776)

Strata Report

Inspection Date: 4/11/2022
74 pages
SP77776 occupies a lot 23 in Community Association DP270320, The Waterfront at Homebush Bay.

The Community Association is bounded by Hill Road, Bennelong Road and Homebush Bay. We enclose a Community Plan.

The Community, which comprises 23 lots with more being developed, is a separate legal entity. It keeps its own budget, accounts, minutes and correspondence. It is financed by levies collected from the various Owners Corporations in proportion to their units of entitlement.

The Community is managed under the terms of a registered Management Statement. You should have received a copy of the statement as part of contract documents and we recommend its terms be clearly understood. The Management Statement usually gives the Community the power to make decisions binding on all subsidiary schemes and on individual owners with the Community.

We have conducted a limited review of Association minutes and correspondence for the purpose of identifying any issues likely to have a material impact on individual lot owners. Our comments are found later in this report