A1 Conveyancing based in Joondalup & Osborne Park Perth Western Australia
Call Us At: 08 9300 9750
Strata Lot- what is it?
Strata Lot might include a Suite, Unit, Apartment, office, Town-house, Villa, duplex, or even a survey-strata vacant/housed lot. A ‘Strata lot’ will be a lot on a ‘Strata’ or ‘Survey-Strata’ plan. They are subject to the Strata Titles act.
They are usually subject to the standard schedule 1 & 2 Strata by-laws (as specified in the act) They also maybe be subject to;
- additional operating costs like insurance, levies, utilities, and their search fees.
- additional or special by-laws, reserved/special use areas,
- Possible additional ‘house rules’ – these should be checked by you from the strata company records. The seller or their real estate agent should be able to advise who to contact to do this check.
We recommend that you inspect the strata company records as entitled to, before entering into a contract on a strata lot.
It is best to be fully informed before you buy the strata lot in question.
