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.
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