Common property: what can it be?

Common property is generally the structure of the building itself, or common open space.

Something that surprises lot owners is that the an owners corporation can also own personal property things such as gym equipment, washing machines & lawn mowers. For ease in this post I will lump personal property owned by the owners corporation in with common property as the obligations to renew and replace its personal property under section 106(2) of the Strata Schemes Management Act 2015.

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