Community Schemes for Lots
The boundaries for each lot in a community strata scheme are defined by the buildings and structures – eg carports. It is similar to a strata title but the buildings themselves are considered to be common property. The community corporation is responsible for the insurance and maintenance of the buildings.
Community Strata Schemes is one of the community title groups. The boundaries of each lot in a community strata scheme are defined by the buildings and structures, carports, for example. This could mean:
Multiple sub-schemes exist under an umbrella community scheme
Each sub-scheme has its own strata company
The strata companies all operate under an overarching community corporation.
The scheme is perfect for large scale strata developments which will be implemented over various stages. Also, in integrated land developments (of strata lots) and single strata buildings with a mix of residential, retail, and commercial use.
It’s similar to a strata title but the buildings themselves are considered to be
‘common property.’ The community corporation is responsible for the insurance and maintenance of the buildings.
For both community titles, by-laws are a compulsory document which sets out obligations of the corporation by administering the scheme. There are rules by which the scheme is to abide by. If the laws are breached, the corporation can impose a monetary penalty – to be paid back to the body. The by-laws document is held at the Land Titles Office.
We guide developers through every step of the way in getting their property
registered as a strata plan. Developments that exist under strata plans can be
residential, commercial, retail, serviced apartments, retirement villages, caravan parks, and resorts.
Reduce any administrative headaches and partner with a professional team of Community Strata Scheme experts. We can also assist you with any part of the development process including demolition, marketing, conveyancing, and financing.
Hire the help of an experienced team of subdivision experts. At Stock Land Division, it’s our complete management service that’s enabled us to continue our successful 15 years in the industry. Contact us today on 0408 801 141 to organise your appointment.