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Strata is a term which describes subdividing land and buildings into individually owned pieces and common property. The strata concept applies to many forms of property including retail shops, office buildings, industrial parks and retirement villages.
The concept emerged in Australia in the 1960's and has become a popular form of home ownership. Unit owners have the freedom of owning their own apartment whilst sharing common property and facilities. The common property can comprise recreational facilities, gym, sauna, swimming pool, tennis court, meeting room, golf course, etc. All owners collectively contribute to the maintenance of these facilities by paying levies.
In 1989 Community Titles brought even more adventurous ways of subdividing land and buildings. Community Associations have been established that include vineyards, horse stables, etc.
Unit owners automatically become part of the owner's corporation. The Owners Corporation is charged with looking after and maintaining the common property as well as ensuring and maintaining the enjoyment of its residents through by-laws etc.
A strata manager is be appointed to carry out some or all of the functions, duties or powers of the Owners Corporation. Appointing a strata manager can aid the Owners Corporation with the day to day responsibilities of running the strata scheme. Mason & Brophy's aim is to assist you in the efficient administration of your strata scheme. We are a flexible company which will work with your Executive Committee to achieve the aims of your Owners Corporation.
As the legislation can differ between different types of strata schemes, Mason & Brophy has managers who specialise in particular areas. These include
- Residential Complexes
- Commercial, Industrial and Mixed Use Buildings
- Retirement Villages
- Large complexes (in excess of 100 lots)
- Set-Ups (from development stage)
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