In a strata title scheme, what does the term 'common property' refer to?
Correct Answer
A) Areas of the building and land outside the lots, owned collectively by all lot owners.
Common property in a strata scheme includes all areas of the building and land that are not part of individual lots, such as driveways, gardens, lobbies, and structural elements. All lot owners have shared ownership and responsibility for maintaining these areas through the owners corporation.
Why This Is the Correct Answer
Common property is every part of the strata parcel that is not within a lot on the registered plan, such as the structure, foyers, driveways and gardens. The lot owners own it collectively, and the owners corporation manages it.
Why the Other Options Are Wrong
Deep Analysis of This Property Law Question
Background Knowledge for Property Law
Memory Technique
Exam Tip for Property Law
Real World Application in Property Law
Common Mistakes to Avoid on Property Law Questions
Related Topics & Key Terms
Key Terms:
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?
In NSW, what is the primary legislation governing the sale of residential property?
In a new NSW strata scheme, on what basis must each lot's unit entitlement be set?
In a complex strata scheme dispute in NSW where a lot owner claims the owners corporation has incorrectly allocated special levy costs, and the owners corporation argues the allocation follows a validly passed special resolution, what is the most likely jurisdiction for resolving this matter?
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?
- → A property developer is selling off-the-plan apartments in Queensland. What is a key requirement under the Body Corporate and Community Management Act regarding the disclosure of estimated administrative fund contributions?
- → A caveat lodged against a Queensland property title serves to:
- → In Queensland, if a contract for the sale of residential property is signed at auction, what cooling-off rights does the purchaser have?
- → In Queensland, what is the legal effect of a community titles scheme created under the Body Corporate and Community Management Act 1997?
- → A property developer in Queensland must provide which document to purchasers before they sign a contract for an off-the-plan apartment?
- → Under Queensland law, what type of land tenure is most common for residential property?
- → In Queensland, which legislation primarily governs the registration of interests in land?
- → In Queensland, a buyer receives a copy of the residential contract signed by both parties on a Friday. With no public holidays in between, when does the cooling-off period end?
- → Under the Torrens title system in Queensland, which of the following is NOT an exception to indefeasibility of title?
- → Which of the following best describes an easement in Queensland property law?
People Also Study
Agency Practice & Law
138 questions
Contracts & Conveyancing
106 questions
Property Marketing & Sales
129 questions
Property Management
126 questions