Living in a Strata Scheme is very much different to living in a house. Strata Complexes include such properties as Units, Villas, Townhouses and the like. If you have never lived in a Strata complex, the laws and responsibilities are somewhat different to those of owning a freestanding house.
Buyers looking to purchase into a strata complex should do their research and make sure they are fully aware of what it is like to live in a strata complex and what they can expect from living in such properties.
The NSW Fair Trading Department has published a great guide about Strata Living. The information in the booklet contains information that all buyers looking to purchase into a Strata Scheme should be aware of. The booklet addresses a number of issues, including:
- Introduction to what is a Strata Scheme?
- What you should look for before buying into a Strata complex
- What is common property?
- What do you own?
- Who looks after the common property?
- What is the Owners Corporation and what does it do?
- What are the responsibilities of owners and residents in a strata complex?
- Who is responsible for repairs and maintenance?
- What happens at the meeting of the Owners Corporation?
- What are the responsibilities of the Strata Manager?
- What are the responsibilities of the Owners Corporation?
- What are by-laws? What happens if you or other residents breach the by laws?
- Can you keep pets in a strata complex?
- If things go wrong.....what is the process?
All these issues and more are addressed in the Strata Living booklet. If you would like to get more information or obtain the booklet, it is available through the NSW Fair Trading or you can click on the link below.
After reading the booklet, if you need to discuss the law of strata complexes and how they will affect you, please contact Carver Lawyers on (02) 9773 4550 or send us an email using the contact form.
Written by
Dean Carver - Property Lawyer
Carver Lawyers Pty Ltd
Ph: (02) 9773 4550
