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Under the Strata Titles Act 1988 (SA), what is a strata corporation?

Correct Answer

C) A body corporate of all the unit holders, formed when the strata plan is deposited

Under the Strata Titles Act 1988, a strata corporation is automatically created upon registration of a strata plan. It consists of all unit holders and is responsible for managing common property.

Answer Options
A
The developer company that builds the units and then sells them off the plan to buyers
B
A government authority that approves strata plans before they are deposited
C
A body corporate of all the unit holders, formed when the strata plan is deposited
D
A private management company that the unit holders engage to arrange building insurance

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Related Topics & Key Terms

Key Terms:

strata corporationStrata Titles Act 1988common property
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