This Glossary Item on Strata matters also continues on 'page 2' of this Glossary listing as shown on the bottom of this page.

Strata Scheme & Master Plan: means the complex of lots and common property, together with a system of administration and management, created upon the registration of a strata plan by the Recorder of Titles. If it is envisaged that the development is to take place in stages a Master Plan will be required. This sets out the Future Development of the site and is usually lodged with Council and the Titles Office with a Stage 1 Strata Plan. It gives purchasers and the developer security in terms of what is 'coming' in the remaining stages. A Disclosure Statement is also necessary to accompany the Master Plan plus an SDS form (See Below-Application for Registration of a Staged Strata Scheme). At the time of registering stage 1 it is also a good idea to prepare an ASO form (which is an Application By a Strata Lot owner to Amend a Strata Scheme) for future use when future stages are completed.

STAGED DEVELOPMENT SCHEME

GENERIC CRITICAL  FLOW PATH

(WHERE     EACH DEVELOPMENT        PROJECT  MAY REQUIRE   VARIATION)

    1. Make application to Council for a planning permit for the proposed

       development

    2. Develop  stage 1 in accordance with the permit conditions

    3. Prepare a master plan, disclosure statement & strata plan sheets and make

       application to Council for approval

    4. Prepare a scheme application and (together with the approved Council

       documents, any first by-law document & the certificate of title/s to the site)

       lodge with the Recorder of Titles for registration

    5. Establish the body corporate with a budget, insurance policy, bank account,

       etc. in accordance with the legislation

    6. Prepare document disclosure for marketing and sale purposes of the

       approved lots

    7. Any vacant development lots will need to be sold subject to the provisions of

       Part 3, Division 8 of the legislation

    8. Develop  further stage/s in accordance with the permit conditions

    9. Prepare amended strata plan sheets and make application to Council for

       approval

   10. Prepare an amendment application and (together with the approved Council

       amendment sheets & the certificate of title to the lot/s) lodge with the

       Recorder of Titles for registration

   11. Prepare document disclosure for marketing and sale purposes of the

       approved lots

   12. Continue the process until the scheme is ended

Strata Title Survey costs are dependent on the number of units AND the number of floors involved. In addition, if the title is a Sketch By Way of Illustration then a conversion survey to create a Torrens Title will be required, together with the necessary Lands Titles Office fees. With a Strata Survey, the surveyor certifies that the buildings are within the title boundaries; it may be necessary for the surveyor to undertake at the least an Identification Survey and quite possibly a Remark Survey to register his opinion of the boundaries and support his Strata Certificate. Have a look at Fees (Survey) for more information on Strata Title Surveys.

SIMPLY:

It means the structure of a subdivision undertaken by means of Strata Development. It involves the Lots (units) to be created, the land that may or may not be common property and the respective responsibilities (unit entitlements)of each lot owner, whether they be different or equal.

HOW WE ASSIST:

We can interpret the description of boundaries and unit entitlements that may apply to a strata development. Strata development is often undertaken to overcome a lack of sufficient frontage to allow traditional subdivision on a block of land.