Click here to call us +61 2 9929 0226
Posted 12 August 2020
Category: Strata, Renovations
The important question of who owns what needs to be established, as the answer will dictate how a strata scheme is correctly managed and who is responsible for what parts of a strata scheme.
Common property is the responsibility of the owners corporation, and Lot property is the responsibility of the lot owner.
The picture adjacent is an extract from a typical strata plan. The strata plan does not tell you all of the details about what is common property and what is lot property. Further details are described by the relevant legislation and case law.
As a guide, the general rules applicable to the majority of strata schemes registered after 1 July 1974 are:
The following exceptions to the general position apply: