What should a lawyer check concerning the bylaws of a strata during a buyer's representation?

In the context of representing a buyer in a strata property transaction, it is crucial for a lawyer to check the bylaws to confirm they do not restrict the buyer's intended use of the property. Bylaws govern how property owners in a strata can utilize their units and the common areas. If there are restrictions that limit the buyer's planned use, such as bans on renting out the unit or restrictions on renovations, this would significantly impact the buyer's decision and their investment's value.

Understanding these restrictions enables the lawyer to provide the buyer with comprehensive advice and to ensure the buyer is fully informed about their rights and obligations within the strata. This thorough examination ultimately helps protect the buyer’s interests and prevents potential disputes with the strata in the future. It assures that the buyer knows what they can and cannot do with their property, which is essential for making an informed decision.