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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s