Frequently Asked Questions
Are Strata Companies required to engage professional strata managers now the reforms in WA are law?
No, a strata company under the reforms are not required to engage a professional strata manager, it maybe in their best interest to do so, but they still have the right to self-manage.No, a strata company under the reforms are not required to engage a professional strata manager, it maybe in their best interest to do so, but they still have the right to self-manage.
Is it better to buy a strata property rather than a freehold property?
Both have their pros and cons. You must first establish what you require taking into consideration, your lifestyle, work commitments, financial parameters, family situation. One important dimension you need to consider, it that with strata, it is community living and living close to others. So getting along with people, is a very important element in deciding to buy into a strata complex.
What do I own when I purchase a strata lot?
This is a complex question as it has many variations. With a Survey-strata plan (land based) you own the lot and all building within that lot.
However, with a strata plan (built strata) the ownership is multiple options. Briefly with strata you own airspace, but that can include the external walls and or surfaces of the building, it also can include part lots that can be away from your main lot area. It is crucial that you fully understand how to read the boundaries as shown on your strata plan.