The legal framework that lets one block of land be split into lots and shared common property, so people or companies can own individual lots while a strata entity manages shared assets, rights, and responsibilities owed to others.
Important notice. This information is general in nature and does not constitute legal advice. Unless indicated otherwise, this information is based on New South Wales strata laws and practice. Strata laws, terminology and procedures differ across the different Australian states and territories. For more specific advice on your particular circumstances contact us for a referral to an appropriate expert.
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