This is such a cute blog, I had to share.
Why the President of Strata is not the same as the President of the United States
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6 Common Strata Complaints and How to Handle Them
Living in self-managed strata blocks is becoming more common in Australia. With population growth and higher density living accommodation, many new apartment buildings are popping up in major cities. Now that Owner’s Corporation structure has five tiers, smaller complexes of 3 – 99 lots can opt to self-manage their OCs. There are plenty of perks to being part of a strata body corporate situation, including shared amenities that one may not have access to living on a single title, including parking spaces, gyms, meeting rooms, elevators and more. On the flip side, some annoyances commonly arise in strata-title complexes. Any strata manager […]Read More
15 Things Respectful Body Corporate Residents Do
When you buy a property that forms part of a strata scheme, you are effectively investing in a community. The community is typically split into three groups. Lot Owners: The owners of the individual properties, often called “lots”, within the strata scheme. Lot Owners collectively make decisions about how the common property is managed, administered and maintained, and contribute financially to the operation of the strata scheme. Residents and Occupants: The people who live within the strata scheme. Residents may be lot owners (owner-occupiers) or tenants. They could also be people who work in any commercial lots that may exist […]Read More
5 Reasons Why All Landlords Should Attend Strata Meetings
As an individual owner, you have complete control over how your own property is maintained, managed, and even designed. However, in some instances, such as apartment buildings, owners share space or property. Common property is defined in Victoria as any part of the land, structures, or airspace that is not designated as a lot on the subdivision plan. It may consist of gardens, passageways, walls, paths, driveways, stairs, elevators, foyers, and fences. The lot owners collectively own the common property. Since it is collectively owned, it is critical that the owners make decisions collaboratively, as it will impact everyone including […]Read More
New Victorian Strata Laws 2021
If 2020 was a year of immense challenge for Owners Corporations across Victoria, 2021 could be a big year of change.Read More
WHAT HAPPENS IF THERE IS NO BODY CORPORATE?
A body corporate is a constitution of owners who hold title to properties that have been subdivided on the parent title and where common property is shared by all owners.Read More