Strata living is a popular choice in New South Wales, offering a blend of private ownership and shared responsibilities. Whether you’re an owner, tenant, or prospective buyer, understanding how strata schemes operate is essential for a harmonious and well-managed community. 

What is a Strata Scheme? 

A strata scheme divides a building or group of buildings into individual lots (e.g., units or townhouses) and shared common property. Common areas typically include gardens, hallways, pools, and roofs, while individual owners are usually responsible for internal spaces such as walls, carpets, and appliances. Responsibilities can vary between strata schemes, so it’s important to check your Strata Schemes Survey Plan and/or CMS to understand the specific obligations of the scheme and lot owners. 

Roles and Responsibilities 

• Owners Corporation: Includes all property owners and oversees the management of the strata scheme. It ensures the maintenance of common property and compliance with by-laws. 

• Strata Committee: A group elected by the Owners Corporation to handle day-to-day operations and decisions. 

• Strata Managing Agent: A licensed professional who manages finances, meetings, and compliance on behalf of the Owners Corporation. 

• Building Manager: Responsible for maintenance and operations of common property, such as coordinating repairs and managing contractors. 

Financial Management 

Owners contribute to two key funds: 

• Administrative Fund: Covers routine maintenance and daily expenses. 

• Capital Works Fund: Allocates resources for long-term repairs and upgrades. Strata schemes must also maintain a 10-year capital works plan to anticipate future expenses. 

By-Laws and Living Rules 

By-laws outline the rules of the community, covering areas like noise, parking, renovations, and pets. For instance: 

• Pet ownership is generally allowed unless a specific issue arises, such as safety concerns or unreasonable interference with other residents. 

• Renovations are categorised as cosmetic, minor, or major, with approval requirements escalating based on complexity and impact. 

Repairs and Maintenance 

Responsibility for maintenance is divided: 

• Owners Corporation: Handles common property repairs, including structural elements like roofs and external walls. 

• Lot Owners: Manage internal repairs, such as repainting or fixing personal fixtures. 

Emergency repairs involving common property can be reimbursed if they are urgent and align with strata rules. 

Meetings and Participation 

Regular meetings are vital for decision-making: 

• Annual General Meetings (AGMs): Discuss finances, elect committee members, and approve budgets. 

• General Meetings: Called for urgent issues outside of AGMs. 

• Committee Meetings: Focus on daily operations. Owners can attend and contribute when permitted. 

Resolving Disputes 

Disputes can arise over by-laws, noise, or property damage. The resolution process typically involves: 

1. Direct discussion between parties. 

2. Mediation facilitated by the strata committee or managing agent. 

3. Formal mediation through NSW Fair Trading. 

4. Escalation to the NSW Civil and Administrative Tribunal (NCAT) for unresolved cases. 

Living in a strata scheme requires understanding shared responsibilities and fostering cooperation. Engaging with the Owners Corporation, attending meetings, and adhering to by-laws can ensure a positive experience for all residents. For more detailed information, contact your strata committee or managing agent. 

You can access the NSW Governments most up to date comprehensive guide to strata living at https://www.nsw.gov.au/housing-and-construction/strata/strata-living-guide