Frequently Asked Questions
What is Strata Title?
A Strata Title lot can be described as “a defined
portion of a building, group of buildings or land for which a separate
Certificate of Title is issued”
Strata Title allows for individual ownership of
part of a property called a ‘Lot’, combined with shared ownership in the
remainder called Common Property for example driveways, foyers & gardens
The major difference between owning a house and
owning in a strata scheme depends on your strata plan. The key concept to
remember is that the Lot Owner effectively owns the air space and anything
included in the air space, inside the boundary walls, floor and ceiling of the
lot. For questions about boundaries of the lot and clarifying common property
refer to your individual Strata Plan.
What is common property?
Common property is all the areas of the land and
building not included in any lot. It is jointly owned by all owners, and the
Strata Company is responsible for its management and maintenance.
Care of the Common Property
The Strata Company is responsible for the ongoing
maintenance of common property. This includes repair work and replacing and
renewing common property when needed. In order to pay for maintenance of common
property, the Strata Company has to raise funds from all individual lot owners
through regular payment of levies (an amount of money decided by the Council of
Owners).
Maintenance
Any maintenance requirements for the common
property can now be lodged and tracked via our online maintenance system. Your Strata
Manager will then contact the Council of Owners to notify them of the
maintenance request, and seek appropriate instructions to carry out any
intended works.
Alterations to common property by an individual
owner
If an individual owner wishes to alter or renovate
any part of the property (lot) they will also need the permission of the Strata
Company. For example, if you wish to
install an air-conditioner, shutters or any fixture that may alter the
appearance of the premises this requires the permission of the Strata Company.
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