What is a strata title?

A strata title is a form of property ownership in NSW where you own an individual lot, such as an apartment, townhouse or commercial unit, and also share ownership of the common property with other lot owners in the scheme.

Your lot is defined by the registered strata plan and generally includes the cubic space within the internal surfaces of the walls, floors and ceilings.

Common property typically includes structural elements, external walls, roofs, foyers, lifts, driveways and shared services.

When you purchase a strata lot, you automatically become a member of the owners corporation. This corporation is responsible for managing and maintaining the common property, and lot owners contribute to those costs through levies.

Strata schemes in NSW are regulated by the Strata Schemes Management Act 2015 (NSW) and the Strata Schemes Development Act 2015 (NSW).