Strata Plans in action
What is a strata plan?
A strata plan is a subdivision of a parcel of real property land into separate lots and common property.
You can find all strata schemes in a strata plan. There are also instances in which strata plans have an associated lot in the plan that ties in to a car port or garage.
Between the strata plan and the Common Property Title, you will be able to determine the associated bylaws and any variations applicable. This allows you to effectively negotiate with the owners’ corporation and manage common areas.
Note that the bylaws are not included in the strata plan.
Here are various ways a strata plan differs from conventional subdivisions:
- All lots are defined as a cubic space and must be limited in height and depth.
- Every strata plan must have a building on the parcel.
- The lots are defined on the floor plan by the building or other permanent structures within the parcel.
- Everything within the parcel which does not form part of a lot is common property.
- It is the responsibility of the owners’ corporation to maintain and repair common property.
- The owners’ corporation is a body corporate of all of the lot owners in a scheme.
- Each lot in a strata plan is allocated a unit entitlement based upon its value relative to the other lots in the scheme. The unit entitlement represents that lot’s share of the common property.
- Generally, the building’s common property and parcel of land are jointly owned by all separate title holders.
What are the types of Strata Plans?
InfoTrackGo can source the following types of strata plans for you:
Where do we get access to Strata Plans?
Authorised Australian Land Registries
Strata Plan FAQ
Common property is any parcel of property that is not allocated a specific lot. It is a shared space that every occupier or lot owner shares, and typically include gardens, garages, fences, driveways, hallways, etc.