- What is considered common property?
- Are letter boxes common property?
- What is common property rights?
- What is an example of common property?
- Are Windows part of common property?
- How often should body corporate meetings be held?
- Is Shower Waterproofing a strata issue?
- What are common property resources?
- Are windows covered by strata?
- Are Hot Water systems covered by body corporate?
- Are external walls common property?
- What repairs are body corporate responsible for?
- Do you need strata approval for bathroom renovation?
- Is an apartment balcony common property?
- Is plumbing a strata issue?
- Do I need building insurance for a strata unit?
- Are body corporate responsible for Windows?
- Is common property private property?
What is considered 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 letter boxes common property?
Are the mailboxes on common property? … Generally speaking, most letterboxes will be clearly located on common property (such as a brick wall outside the apartment entrance), but it is always worth checking the registered strata plan which will show the common property boundaries.
What is common property rights?
In a society where individuals compete for the use of scarce resources, some rules or criteria of competition must exist to resolve the conflict. These rules, known as property rights, may be established in law, in regulation, in custom or in hierarchy ranking.
What is an example of common property?
: something owned by more than one person or group The pool at the condominiums is common property.
Are Windows part of common property?
Areas of common property Common property boundaries of each lot are generally formed by: the upper surface of the floor (but not including carpet) the under surface of the ceiling. all external or boundary walls (including doors and windows).
How often should body corporate meetings be held?
The owners corporation must have one annual general meeting (AGM) each year. This meeting deals with matters that the owners need to consider including insurance and building defects. Meetings other than the AGM are called general meetings.
Is Shower Waterproofing a strata issue?
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.
What are common property resources?
Definition: Common property resources (environmental) are natural resources owned and managed collectively by a community or society rather than by individuals.
Are windows covered by strata?
Windows, flyscreens and security doors are generally the responsibility of the owners corporation, however there can be exceptions.
Are Hot Water systems covered by body corporate?
As a general rule, the body corporate is responsible for all the common area, the building and the insuring of the actual structure. … The damage to the kitchen is covered by body corporate insurance. The owner will have to pay to get a new hot water system installed.
Are external walls common property?
New South Wales In a strata scheme (an Owners Corporation), everyone shares ownership of the ‘common property’, such as external walls, foyers and driveways. The lot owner owns the inside of the unit but not the main structure of the building.
What repairs are body corporate responsible for?
1) When there is any damage or loss to common property, the owners’ corporation is responsible for the repairs. This also includes repairs to the item causing the damage such as a clogged gutter, a failed roof or a leaking pipe.
Do you need strata approval for bathroom renovation?
The NSW Fair Trading details that any minor or major renovations will require the approval of the strata committee before commencing. … While under major renovations, it is specified that any waterproofing work (which will be inclusive in bathroom tiling) requires approval.
Is an apartment balcony common property?
Answer: If balconies form part of the common property, their maintenance and repair is the responsibility of the owners corporation. … Generally, the balcony structural elements are common property and as such would require repair by the Owners Corporation.
Is plumbing a strata issue?
In general, any pipes that are underneath the floor are the responsibility of the strata management company, while pipes in the walls are the unit owner’s responsibility. … If the strata plumbing responsibility falls to the unit owner, that owner will typically have to cover the costs to repair the water damage as well.
Do I need building insurance for a strata unit?
Under a strata scheme in NSW, the owners corporation is legally required to take out strata insurance cover for the building, common property and common contents managed by the owners corporation. … Common property such as common areas, car parks, stairwells, lifts, gardens, and common floors, walls, and ceilings.
Are body corporate responsible for Windows?
In most instances the front door its fixtures and the windows would be the responsibility of the body corporate. However if damage occurred to a front door or the lock due to the actions of the owner or the tenant it is reasonable they should be responsibility for this repair.
Is common property private property?
Legally speaking, common property is for the use of all owners.