Community Insights

While it may not be common, some strata property owners may have come across the concept of "exclusive use rights." This unique arrangement allows an individual lot owner to have exclusive access to a designated part of the common property, even though the ownership of that area remains with the Owners Corporation. Imagine, for example, a ground-floor apartment with a small garden directly connected to the lot. While the garden is technically part of the common property, it m

In New South Wales (NSW), owners corporations play a pivotal role in managing strata properties. One of the essential aspects of their functioning is passing resolutions during meetings. These resolutions determine the course of action for various decisions and initiatives within the strata community. Let's delve into the different types of resolutions commonly encountered in owners corporation meetings in NSW. Ordinary Resolutions: Ordinary resolutions are the most common ty

Strata renewal is a critical process for aging strata schemes in New South Wales (NSW), aimed at revitalising older buildings and enhancing their long-term viability. Governed by the Strata Schemes Development Act 2015 and the Strata Schemes Development Regulation 2016, the legislation provides a framework for owners to collectively undertake redevelopment or regeneration projects. In this article, we will explore the key aspects of strata renewal under the Act, outlining the