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) A strata plan dividing the building into lots and common property.
A strata scheme comes into existence when a strata plan (called a plan of subdivision in Victoria) is registered at the state land titles office. The plan divides the building into lots and common property; on registration, separate titles issue for each lot and an owners corporation (body corporate) is created.
Why This Is the Correct Answer
Registering the strata plan at the land titles office is what divides the building into lots and common property. Separate lot titles and the owners corporation come into existence on registration.
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More Property Law Questions
Under NSW Real Property Act, which of the following would NOT typically appear as a registered interest on a Certificate of Title?
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A strata lot owner in Queensland wants to renovate their bathroom which involves moving plumbing that runs through common property walls. Under the Body Corporate and Community Management Act, what approval is typically required?
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