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Under the Strata Titles Act 1985 (WA), what is the role of a strata company?

Correct Answer

B) To manage and maintain 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.

Answer Options
A
To develop and sell strata lots to investors
B
To manage and maintain common property on behalf of all lot owners
C
To collect transfer duty on behalf of the state government
D
To provide title insurance to strata lot owners

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Related Topics & Key Terms

Key Terms:

strata companyStrata Titles Act 1985common property
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