A property developer wants to create a new strata scheme for a 20-unit apartment building. Which document must be registered to establish individual lot ownership?
Correct Answer
B) Strata plan showing the division of lots and common property
A strata plan must be registered with the relevant state land titles office to legally establish the strata scheme. This plan shows the division of the building into individual lots and identifies common property areas, creating the legal framework for separate ownership.
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A property developer is selling off-the-plan apartments. Under most Australian state legislation, what disclosure document must they provide to potential buyers?
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