As an owner within a strata scheme, not only do you own your lot, but you also have shared ownership of common property with the other owners in your strata scheme in accordance with your unit entitlement.
Under the Act, strata schemes have rules applied to owners in respect of their property which are set out in the scheme by-laws. Each owner has rights and responsibilities that will be exercised in partnership with other owners.
The rights and responsibilities of lease holders are outlined within their lease agreement and in the scheme’s by-laws.
All strata properties registered as Strata Titles at Landgate are subject to the Strata Titles Act 1985
Landgate is delivering major reforms to strata. The proposed changes will resolve problems for people in strata and introduce new forms of land development to drive economic growth and support the Government’s delivery of affordable housing and METRONET station precincts.
The way strata is used and developed has changed since the Stata Titles Act 1985 was enacted.
For most people, choosing to make changes to your property is a big decision as it affects your home or livelihood. For a home owner, it’s about making your home into a home sweet home. For a business owner, it’s about your livelihood and setting your business up for success. For a developer, it’s about the ability to create new opportunities where people can come to fashion a new home or business. No matter who you are, understanding your investment and the proposed changes to the Act will ensure you can make informed decisions.
If you want to know more, Supreme Settlements will be pleased to answer your questions.
We know when you buy a property it is an exciting yet stressful time. We take care of the settlement process. Allowing you time to look to other matters whilst we get on with the settlement in question. Begin by requesting a free quote today…
We know selling can be a stressful time. Supreme Settlements priority as your Settlement Agent in Perth is to meet your needs. Our conveyancing team will keep you informed as the settlement process proceeds. Our professionalism ensures a satisfactory completion. Begin by requesting a free quote to start the process…