What is Strata?
Strata refers to a system of ownership whereby a building is
divided into portions known as 'lots'. The building can be
an apartment block, a complex of townhouses or villas, commercial
offices and so on. In addition to each individual lot, each owner
also shares ownership of the common property which usually
encompasses foyers, gardens, stairwells, driveways and external
walls. Each individual lot owner is responsible for maintaining
their own property however, the common property needs to be
maintained collectively by all the lot owners through levy payment
systems. Enter, the Owners Corporation.
Owners Corporation
The Owners Corporation comprises of each lot owner in the Strata
Scheme and they are responsible for administering, controlling, and
maintaining all areas of the strata scheme. However, given that
some strata schemes can comprise of upwards of 20 lots, it would be
impractical to involve each and every lot owner for the purposes
