What is Common Property? A Guide to Understanding Shared Spaces in Strata Living

When you buy into a strata-titled property, you're not just purchasing the space within your unit; you're also gaining a share in the ownership of something called "common property." But what exactly does this term mean, and how does it impact your ownership experience?

What is Common Property?

Common property refers to all the areas and facilities within a strata-titled development that are shared by all owners. These spaces are not owned by any one individual but are collectively owned and maintained by all the property owners through the owners’ corporation. The extent of common property can vary depending on the specific strata scheme but generally includes:

• Exterior Walls: The outside walls of the building, which form part of the common property and are maintained by the owners’ corporation.

• Roofs: In most cases, the roof is considered common property and is the responsibility of the owners’ corporation to maintain and repair.

• Lobbies and Hallways: Shared entry areas, corridors, and stairwells are common property, as they provide access to individual units.

• Gardens and Outdoor Spaces: Any communal gardens, lawns, and outdoor facilities like BBQ areas or courtyards are common property.

• Facilities: Amenities like pools, gyms, lifts, and parking garages are usually part of the common property.

• Services: Infrastructure such as plumbing, electrical wiring, and gas pipes that serve more than one unit are considered common property.

Common Property in NSW vs. Victoria

While the concept of common property is consistent across Australia, there are some notable differences between how it is managed in New South Wales and Victoria.

NSW Strata Schemes:

• Owners’ Corporation: In NSW, the owners’ corporation is responsible for managing and maintaining common property. This includes everything from routine maintenance to major repairs and upgrades.

• Strata Plans: In NSW, the boundaries of common property are clearly defined in the strata plan, a legal document registered with the NSW Land Registry Services. Owners should refer to this plan to understand exactly what is common property and what is privately owned.

• In NSW, roofs and exterior walls are generally common property, whereas in Victoria, these may not be, depending on the scheme.

Victoria Owners' Corporations:

• Owners' Corporation: In Victoria, the owners' corporation also manages common property, but the definition can vary significantly.

• Roof and Walls: One key difference is that in many Victorian strata schemes, the roof and exterior walls of a unit block are not always considered common property. This can place the responsibility for maintenance and repair of these elements on individual owners rather than the owners' corporation.

• Plan of Subdivision: As in NSW, common property boundaries in Victoria are defined in the plan of subdivision. Because the rules can differ, it's crucial to consult this document to understand what is common property and what is privately owned. For help understanding your strata plan, QT Strata can assist.

Why Understanding Common Property Matters

Understanding what is classified as common property is crucial for owners because it determines who is responsible for maintenance and repair costs. As an owner, you’re required to contribute to these costs through strata levies in NSW or fees in Victoria. If common property is not properly maintained, it can lead to disputes among owners and negatively impact the value of your property.

The Role of a Strata Management Company

Given the complexities involved in managing common property, especially when different states have different regulations, hiring a professional strata management company can make a significant difference. A strata manager can help ensure that common property is well-maintained, compliant with local regulations, and that all necessary repairs and upgrades are handled efficiently. They also act as a mediator between owners and the owners’ corporation, ensuring that decisions are made in the best interest of everyone involved.

Need Help Managing Your Common Property?

At QT Strata, we have the expertise to manage your common property effectively, whether you’re in NSW or Victoria. Our professional strata management services ensure that your property is well-maintained, compliant with regulations, and that your investment is protected.

Contact us today to learn how we can assist with the management of your strata property.