5 Reasons Why All Landlords Should Attend Strata Meetings
As an individual owner, you have complete control over how your own property is maintained, managed, and even designed. However, in some instances, such as apartment buildings, owners share space or property. Common property is defined in Victoria as any part of the land, structures, or airspace that is not designated as a lot on the subdivision plan. It may consist of gardens, passageways, walls, paths, driveways, stairs, elevators, foyers, and fences. The lot owners collectively own the common property. Since it is collectively owned, it is critical that the owners make decisions collaboratively, as it will impact everyone including […]Read More