What are my levies used for?
An owners corporation has the same type of expenditure that a conventional householder has. There are council rates, water and electricity charges for common areas, and public liability insurance and repairs and …
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What is Common Property?
Common property is all the areas of the land and building not included in any lot. It is jointly owned by all owners, and the owners corporation is responsible for its management. …
Who is Responsible?
Common Property is defined in the Strata Schemes (Freehold Development) Act 1973 as ‘so much of the parcel as from time to time that is not comprised in any lot.’ Generally speaking, …