What is different when buying an Apartment?

When buying an apartment you are not only purchasing the physical Apartment but you are also going to become a member of the Owners Management Company (OMC). Prior to signing contracts for sale there is a significant amount of information that is sought on your behalf to ensure that the OMC is operating efficiently and that the financial status of the OMC is in a healthy state. By becoming an owner of an apartment and a member of the OMC you will become liable to discharge the annual service charge for your apartment. If you are purchasing an Apartment we will spend a considerable amount of time going over all documentation in relation to the Apartment in advance of your proceeding to sign contracts for sale.