- What is the difference between common property and limited common property?
- Who is responsible A guide to common property?
- Are floorboards common property?
- Is waterproofing covered by strata?
- Are internal walls common property?
- Are garages common property?
- Does strata insurance cover internal walls?
- Is common property a public space?
- Are gutters common property?
- Are fly screens common property?
- Is waterproofing common property?
- Are bathroom tiles common property?
- What constitutes common property?
- Are roofs common property?
- Do I need strata approval for kitchen renovation?
- Can an owners corporation sell common property?
- What is common property in a complex?
- What is common property maths?
What is the difference between common property and limited common property?
Limited common property is similar to common property in that it isn’t part of an individual strata lot — but this is where things take a twist.
Limited common property (or LCP) is common property that is for the exclusive use of one or more strata lots..
Who is responsible A guide to common property?
The owners corporation is responsible for the repair and maintenance of common property. This publication provides a list of items found within a building that could generally be considered common property.
Are floorboards common property?
If the flooring was installed at the time of construction, has not been altered since by an individual owner(s) and is affixed to the common property floor slab within your lot, and there is no special by law in place to determine who is responsible, the flooring will be deemed to be common property and the Owners …
Is waterproofing covered by strata?
In New South Wales, waterproofing is categorised as a major renovation work. Also, walls and shared plumbing are generally part of strata common property, and therefore usually owners corporation responsibility to fix and maintain.
Are internal walls common property?
Usually the four main walls, the ceiling, roof and the floor are common property. The basic rule is that everything inside a lot is the owner’s property which includes all internal walls, fixtures, carpet and paint on the walls.
Are garages common property?
According to NSW Fair Trading, the garage door is part of the common property and thus its maintenance and repair is the responsibility of the owners corporation. … You should refer to your by-laws and contact your strata manager or committee if you have questions specific to your strata property.
Does strata insurance cover internal walls?
Strata insurance usually includes cover for common areas such as gardens, lifts, walls, windows, pools, ceiling and floors. … If there are gaps in cover, you may need to look to your contents cover under your home insurance policy to cover it.
Is common property a public space?
To ensure the common property or association property of a scheme is not considered to be a public place it would be wise to consider posting notices (with approval of course) stating that the scheme is private property and entrance is by invitation only although this would not be possible for all areas of a scheme if …
Are gutters common property?
C, NSW. If the gutters are part of common property, your strata committee or owners corporation would be responsible for maintaining this. … If it’s under a community title scheme, the owner of the property is responsible.
Are fly screens common property?
In almost all cases, fly screens and screen doors on apartments are lot owner property and not common property as the screens didn’t form part of the common property at the time of the strata scheme being registered.
Is waterproofing common property?
The waterproofing when laid by the lot owner, is lot owner property to be maintained by the lot owner. Yes, provided the by-laws passed to allow the change to common property specifies that – otherwise it defaults to the owners corp. The waterproofing cannot suddenly become common property.
Are bathroom tiles common property?
These walls are common property. All internal walls (ie walls between rooms in the unit) are part of the lot. … Any tiles that were originally affixed to a common property surface (ie wall, floor or ceiling) at the time of registration of the plan are also common property, unless the plan specifically states otherwise.
What constitutes common property?
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.
Are roofs common property?
All roofing is common property, the repair and maintenance of which is the responsibility of the owners corporation.
Do I need strata approval for kitchen renovation?
The new legislation, however, has relaxed the renovation procedure. For example, “cosmetic” works eg built-in wardrobes will no longer require any approval of the Owners Corporation. “Minor” renovations eg kitchen renovation will no longer require a special resolution or a by-law but rather only an ordinary resolution.
Can an owners corporation sell common property?
The owners corporation is empowered to transfer common property under section 33(1)(a) of the Strata Schemes Development Act 2015. … A deposited plan of subdivision will be required which subdivides the part of the common property to be sold into a new lot (New Lot).
What is common property in a complex?
Common property includes but is not limited to the security systems, the driveway and parking bays, the clubhouse, gardens, pool, braai facilities and the external (outer) walls and roofs of the buildings which house the sections.
What is common property maths?
There are four basic properties of numbers: commutative, associative, distributive, and identity. You should be familiar with each of these.