Under the Strata Titles Act 1985 (WA), what is the role of a strata company?
Correct Answer
B) It manages and maintains the common property on behalf of all lot owners
Under the Strata Titles Act 1985 (WA), a strata company is automatically formed when a strata plan is registered. It is responsible for managing and maintaining the common property, enforcing by-laws, and administering the financial affairs of the strata scheme.
Why This Is the Correct Answer
A strata company is formed on registration of the strata plan, with all owners as members, to manage and maintain common property and administer the scheme.
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