MMP-721, Property and Real Estate Law and Practice, Trimester 2, 2021
Assignment 2, Client Report, Individual Assignment
25% of Unit Assessment (1,500 words*)

Assignment Brief:

You still work at the property consulting firm XProp Pty Ltd. The firm acts for clients on a range of property related matters. Your boss (Jane) has just completed a second interview with client Sandra Frankston. As you will recall, you have already completed a report for Sandra. Since completing that report, Sandra’s problem tenant has moved out and she recently sold the property.
She is now looking to expand her property portfolio and has decided to investigate the residential apartment market in Victoria. She has only ever owned detached housing and she would therefore like you to investigate a particular property that interests her. The property is situated in a ‘leafy’ Melbourne suburb and according to the real estate agent, the property is located in a subdivision with an owners corporation. Sandra has never owned property that includes an owners corporation and is a little nervous especially given the bad press of late regarding building defects in buildings with owners corporations.
Jane has asked you to undertake further research and provide a client report. There are a number of questions / points outlined below (Research Scope) that Sandra and Jane have decided need to be researched and outlined in the (your) report.

Research Scope:

What is the purpose and function of an owners corporation?
Would Sandra be required to make decisions about this property’s owners corporation matters?
In what ways, could Sandra participate in the owners corporation?
An initial search by Sandra’s conveyancer noted a recent case relating to the property.