- Strata management for owners
- Strata set up for developers
- Owners' direct access
- Learn more about strata
- Contact us
For Strata management services in South Australia and Northern Territory, visit www.whittles.com.au
TEYS strata management
Learn More About Strata
What is Strata?
Strata is a term which describes subdividing land and buildings into individually owned pieces and common property. The concept emerged in Australia in the 1960's and has become a popular form of home ownership.
Unit owners have the freedom of owning their own apartment and share common property and facilities, for example swimming pools, barbeque areas, and tennis courts.
The strata concept also applies to many other forms of property including retail shops, office buildings, industrial parks and retirement villages.
With freedom come responsibilities. Unit owners automatically become part of the owners corporation (or councils or body corporate as it is known in some states). This body looks after the common property, which is everything that does not form part of a lot and is owned by the owners corporation (all the owners collectively).
All owners contribute to the costs of the common property by paying levies. The elected representatives of owners on this body are called the executive committee or committee (depending on different state legislation).
What do I own?
Basically you own the inside of your apartment or lot and all the owners collectively own the outside. The rules vary from state to state.
Also, anything that affects soundness or services is also common property. For example, you may need owner's corporation permission to alter an internal wall or provide workers access to cabling inside your apartment.
TIP: make sure you know who owns what before you make alterations or pay for repairs.
