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Conveyancing > strata unit

Buying a strata unit? 
Get the answers to these questions:

  • What is a strata title?
  • Are there other types of title for lots?
  • What is an owners corporation and how does it function?

About the owners corporation and related information see lawsociety.com.au/community/publications 
More on strata titles

Purchasing Strata Property
A strata scheme is a building (or collection of buildings) where individuals each own a small portion (called a Lot) and where there is also common property (such as external walls, windows, roof, driveways, etc.) which every owner shares.
Before purchasing a strata title property you should be aware of the following issues:

  • What would I actually own in a strata scheme?
  • Owners corporation and executive committee
  • What are levies?
  • Are there any meetings I would have to attend?
  • What are the by-laws/lifestyle restrictions?
  • What should I do before signing a contract?
  • Buying ‘off the plan’
  • The contract
  • Insurance

For the answers to these questions, see the Office of Fair Trading.

For Strata living generally:..


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