Buying off the plan in NSW
What to look for when buying an apartment off the plan. A new apartment or townhouse can be a smart investment or an affordable way to enter the housing market, particularly as a 10% deposit will secure the home, giving you have more time to save while the property is being built without the risk […]
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Owner Responsibilities in Strata
What are the responsibilities of strata owners? This article is aimed at providing a basic overview of the obligations of strata owners. We encourage owners to become involved in the decisions surrounding your asset and/or home or place of work. BY-LAWS By-laws are the rules of occupation. If you are an owner-investor, you have an […]
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Tenants in Strata
What role can tenants play in strata? A tenant is a lessee or a sublessee of a strata lot. Obligations relating to tenants exist on investor owners and owners corporations. The following information is contained in Sections 33, 186 & 258 and Schedule 1 of the Strata Schemes Management Act 2015 (NSW), and Clause 7 […]
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Before buying into a strata scheme
The guide to buying into a Strata scheme in NSW Before buying in a strata scheme, find out as much information as possible about the management of the scheme itself, for example: Is there a strata manager? Is the building properly insured? Are there enough funds to cover long term repairs and maintenance? Are there […]
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What is common property
What is common property in strata managed buildings? Common property is all the areas of the land and buildings not included in any lot. It is jointly owned by all owners, and the owners corporation is responsible for its management. The lot and common property will be defined on your individual strata plan. However, common […]
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