What is a strata block?
What is a strata block?
Strata title is a form of ownership devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word “strata” refers to apartments being on different levels. Lots are either apartments, garages or storerooms and each is shown on the title as being owned by a Lot Owner.
What is provisional block?
“provisional block” means— (a) in relation to a proposed strata plan, a block in respect. of a building proposed to be, or in the course of being, erected, for which a separate provisional strata title is.
What is provisional block in strata title?
“provisional block” means – (a) in relation to a proposed strata plan, a block in respect of a building proposed to be, or in the course of being, erected, for which a separate provisional strata title is applied for; (b)
Can a strata block be demolished for redevelopment?
Redevelopment: Just 75 per cent of owners can vote to sell the strata block to developers for demolition and replacement with something bigger, shinier, safer and more expensive. Currently only one dissenting vote can stop this. 2.
What does it mean to live in a strata scheme?
Living in a strata scheme means that you own your apartment, or ‘lot’, and share ownership of the building’s common areas with your fellow tenants. The laws governing strata schemes vary slightly from state to state. When you buy into a strata scheme, you also buy into an owners corporation. What is an owners corporation?
Is it legal to renovate a property under strata?
If you’re keen to update a strata-titled property, you’re limited in what you can and can’t do by your property boundary, building by-laws and many other technicalities. Before you proceed to purchase, here’s what you need to know about renovating under strata.
Can a building manager be elected to a strata Committee?
Committee curb: Building managers, rental agents and anyone else who makes a living by working for the strata scheme can’t be elected to the strata committees unless they are owners in the scheme. This takes away the ability of professionals to corral landlord votes and then run the building for their benefit, often to the detriment of residents.