If you’re struggling to understand what a strata titles is, and how strata groups or corporations work, don’t panic – you’re not alone!
Unfortunately, there is a lot of confusion regarding strata titles and community corporations – but we’re here to help simplify these terms for you!
If you need assistance in creating a strata corporation, or have any questions about the processes involved with the creation or management of strata titles, then we can offer you a full evaluation of what your circumstances require.
What Is a Strata Title?
Strata titles are a form of ownership, which was originally devised for those living in multi level apartment blocks or with horizontal subdivisions with shared areas.
The word ‘strata’ means levels and strata titles are therefore generally found or associated with townhouses, units and commercial properties including warehouses or retail outlets.
What Does a Strata Title Do?
Strata titles help to divide the land (whether it’s a large business unit, an apartment block or a shared townhouse) into units.
These units are owned by individuals, whilst the common areas are owned equally by all of the owners in the group.
Strata titles have definite boundaries, which are usually defined by buildings and structures rather than pieces or strips of land.
What Are The Restrictions of Strata Titles
We will be able to quickly alert you to any restrictions that you need to be aware of within your strata title.
These are known as ‘articles’, and can include things such as:
- Not keeping pets in the property
- Guaranteeing maintenance and upkeep of your unit
- Not obstructing any common areas.
What Are Strata Corporations?
With every strata group, there must be a legal body that is in charge of looking after and administering the land.
This is done for the benefit of members and includes maintenance of common areas and paying insurance for structures listed on the title.
As a unit owner, you would automatically become a member of the strata corporation which also requires you to pay fees to cover any activities performed.
We can help you create these strata corporations and provide advice tailored to your specific circumstances.
How We Can Help
It’s important to note that there is no government agency to oversee the management of strata corporations, or indeed to resolve disputes that can occur.
We can offer assistance in many cases when don’t know where else to turn for help!
We have decades of experience working with strata corporations in Mount Gambier and the South East, so we can provide expert advice, and help you deal with any issues surrounding strata titles.
Give us a call today and see how we can help save you time, money and stress relating to strata titles!