Competent Strata Assistance
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Frequently Used Strata Terminology
Owning strata titled property may be daunting. A few terms below may help. This information is not given as professional or legal advice.
Legislation: The Strata Titles Act (1985) is the presiding legislation when strata titled property is registered. Owners are shareholders by unit entitlement as defined.
Strata Plan: The document registered with Landgate subdividing the parcel of land and buildings of a strata scheme into lots and common property.
Lot: What is owned as defined by the strata plan with a unit entitlement attached.
Unit Entitlements: UEs determine voting rights of a proprietor, the undivided share of each proprietor in the common property and the proportion of contributions levied.
Strata Company: A strata company comprises all the owners of lots within the strata plan (or scheme) whether layered (high rise residential, commercial, mixed use etc) or grouped (townhouses, villas, shopping centre etc). Owners are listed in te strata roil.
Strata Roll: The strata rolls contains details about the owner, mortgagee, property manager/agent and occupant (resident) in accordance with legislation
Strata Company Obligations: The strata company through its Council of Owners must enforce bylaws and manage/maintain common property for the benefit of all owners.
Bylaws: Bylaws are 'rules' that owners, residents and visitors must comply with. Bylaws form part of all sale agreements and standard residential leases in WA.
Common Property: The area not included in any lot such as driveways, garden beds, balconies and car parking. Each complex is unique as to what is included.
Council of Owners: The Council of Owners (3-7 members) elected at a general meeting to perform functions and duties subject to the Act and any restriction imposed.
Strata Company Contributions: Levies paid by owners for anticipated expenses (Administration) or capital works (Sinking/Reserve). "Unpaid" levies attract interest.
Audits: There is no requirement for strata company books to be audited however owners may consider an auditor appointment at a general meeting
General Meetings: A meeting of owners attending to insurance, budgets, levies and election of the Council of Owners and items put forward for discussion and/or attention.
Strata Managers: The Council of Owners may employ agents to assist with its powers.
Strata Manager Appointments: By agreement with the Council of Owners
Strata Management Agreement: A legal document outlining services, dutes, period and terms of engagement.
Disputes: Actions (bylaw enforcement, debt recovery, unapproved alterations etc) are mostly taken to the State Administrative Tribunal or Magistrates.
Legislation: The Strata Titles Act (1985) is the presiding legislation when strata titled property is registered. Owners are shareholders by unit entitlement as defined.
Strata Plan: The document registered with Landgate subdividing the parcel of land and buildings of a strata scheme into lots and common property.
Lot: What is owned as defined by the strata plan with a unit entitlement attached.
Unit Entitlements: UEs determine voting rights of a proprietor, the undivided share of each proprietor in the common property and the proportion of contributions levied.
Strata Company: A strata company comprises all the owners of lots within the strata plan (or scheme) whether layered (high rise residential, commercial, mixed use etc) or grouped (townhouses, villas, shopping centre etc). Owners are listed in te strata roil.
Strata Roll: The strata rolls contains details about the owner, mortgagee, property manager/agent and occupant (resident) in accordance with legislation
Strata Company Obligations: The strata company through its Council of Owners must enforce bylaws and manage/maintain common property for the benefit of all owners.
Bylaws: Bylaws are 'rules' that owners, residents and visitors must comply with. Bylaws form part of all sale agreements and standard residential leases in WA.
Common Property: The area not included in any lot such as driveways, garden beds, balconies and car parking. Each complex is unique as to what is included.
Council of Owners: The Council of Owners (3-7 members) elected at a general meeting to perform functions and duties subject to the Act and any restriction imposed.
Strata Company Contributions: Levies paid by owners for anticipated expenses (Administration) or capital works (Sinking/Reserve). "Unpaid" levies attract interest.
Audits: There is no requirement for strata company books to be audited however owners may consider an auditor appointment at a general meeting
General Meetings: A meeting of owners attending to insurance, budgets, levies and election of the Council of Owners and items put forward for discussion and/or attention.
Strata Managers: The Council of Owners may employ agents to assist with its powers.
Strata Manager Appointments: By agreement with the Council of Owners
Strata Management Agreement: A legal document outlining services, dutes, period and terms of engagement.
Disputes: Actions (bylaw enforcement, debt recovery, unapproved alterations etc) are mostly taken to the State Administrative Tribunal or Magistrates.