Who Is Responsible For The Maintenance Of A Strata Property?
Hi Everyone, Many people, who are buying commercial property for the first time, do not understand the meaning of a strata title property. As a veteran in the industry, I try to tell them about their responsibilities before they take the plunge. It is essential for them to understand that a strata title property offers ownership of the lot and the joint ownership of the common areas like the lifts. You become responsible for these common areas along with others and have to be a part of the body corporate. You have to pay strata levies for the maintenance and participate in general meetings. Here is an article that will help you understand this well. https://www.commercialproperty2sell.com.au/blog/2023/02/who-is-responsible-for-the-maintenance-of-a-s.php
