Q&A: Circumstances that allow exemption from registering strata bylaws

Question: When a strata property is sold, who is responsible for updating the strata ownership records? Is it the vendor or the purchaser’s responsibility? This is both the vendor’s and the purchaser’s responsibility. During the conveyancing process a “strata interest notice” pursuant to Strata Schemes Management Act 2015 (NSW) – Sections 22, 258 and 259 will be prepared for both parties and…