You may have heard of the following terms mentioned in your regular strata related dealings: Strata Schemes, Strata Plan and Strata Title. You may even understand that somehow they are all related, but how exactly, that remains a bit of a mystery. In this article we will try and demystify this terminology for you. Please note: this…
More and more new housing estates are set up as community, precinct or neighbourhood associations.The large developments in Sydney’s outer suburbs spring to mind. They typically offer a mix of strata titled apartment buildings, townhouses and shopping centres with shared promenades and parklands. A great recent example is Breakfast Point in Sydney. The developers of these locations…
A LookUp Strata reader, owning a unit in a resort style strata accommodation in NSW, wanted to understand whether the invoicing procedures used in her strata plan were proper and following appropriate accounting procedures. In summary, the party requiring the works is the party that should be invoiced; however, if you have other parties assisting with…
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