Sarah purchases a unit in a strata scheme and later discovers the building has significant structural defects affecting common property. Who is primarily responsible for repairs to the common property?
Correct Answer
C) The owners corporation
The owners corporation is responsible for maintaining and repairing common property in a strata scheme, funded through levies paid by all lot owners. While the developer may have warranty obligations, the ongoing responsibility for common property maintenance lies with the owners corporation.
Why This Is the Correct Answer
The owners corporation must maintain and repair common property, including structural defects. It may be able to recover costs from the builder or developer under statutory warranties, but the duty to repair stays with the owners corporation.
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Under NSW Real Property Act, which of the following would NOT typically appear as a registered interest on a Certificate of Title?