The sale of common property, when possible, can be very lucrative and address short-term funding issues for major projects.The type of common property that can be sold are: car park or storage spaces facade signage locations rooftops (additional apartments, private use, utilities and signage) roof void (storage & second level in townhouses) wall space & […]
Tag: common property
Who pays when the strata bathroom leaks
If you want the short answer, it is the Owner Corporation. To be sure of this for your building you should double check by reviewing two documents:- The registered strata plan What to look for: you are looking for a note on the strata plan that says something like the following “the lot is responsible […]