In a strata scheme, who is responsible for maintaining and repairing common property?
Correct Answer
C) The owners corporation (body corporate)
The owners corporation (also called body corporate in some states) is responsible for maintaining and repairing common property in a strata scheme. This responsibility is funded through levies paid by individual lot owners and is a fundamental obligation under strata legislation.
Why This Is the Correct Answer
Strata legislation makes the owners corporation (body corporate) responsible for maintaining and repairing common property, funded by the levies it raises from owners. In some states a by-law can pass responsibility for a particular area to the owner who has exclusive use of it.
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Previous Question
In a strata scheme where levies are shared in proportion to unit entitlement, Sarah owns lot 15 with 80 of the 2,000 unit entitlements. The owners corporation raises a $50,000 special levy for roof repairs. How much must Sarah pay?
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In a strata scheme, who is typically responsible for maintaining and repairing the external walls of a building?