HOUSE RULES

The Daily Telegraph (Sydney) - Home - - FRONT PAGE -

When you buy an apart­ment, what are you re­ally buy­ing? Ac­cord­ing to the De­part­ment of Fair Trad­ing, you own your air space, or ‘lot’ but every­one shares own­er­ship of the com­mon ar­eas, such as foy­ers drive­ways and rooftops. An Own­ers’ Cor­po­ra­tion in a Strata Scheme, which is made up of all own­ers, is re­spon­si­ble for the main­te­nance and re­pair of all the com­mon ar­eas on the site.

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