Which parts of the property are mine and which are common areas?
Written by Jessica Tait
Updated at January 17th, 2021
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Import
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You might not believe it, but many buyers often forget to ask this critical question! Often, there is an assumption that particular areas are private, and others are common, but you may get a nasty surprise further down the track if you aren’t very clear on the issue from the start. Some areas of contention include courtyards, driveways, stairs and ramps, airspace, balconies, entrance ways, boundary walls, doors and windows, the foundation slab, floor finishes, ceilings, and more. What looks like ‘Exclusive Use’ on the first page of the plan may not be in reality, if it’s never been lodged with the local authorities. Make sure you know what’s yours!
Your ownership in some ways is similar to be a shareholder, who has certain rights and responsibilities relating to this ownership. The strata company is all owners collectively that form an entity known as a strata company. The strata council is a small group of owners elected as the Council at each annual general meeting of the strata company. This council is appointed to carry out functions, duties and powers of the Strata Company as defined by the Act. Some strata companies employ a strata manager to provide administration services, streamline processes and minimise conflict between owners; others elect to self-manage.