What Is Strata Subdivision?
Strata subdivision involves acquiring a draft strata plan that is typically prepared based on architectural plans or site measurements for older buildings. This plan outlines the intended lots, their location within the building, and approximate areas, including store rooms, car spaces, and courtyards. Anything not designated as a lot forms part of the common property. Draft strata plans are included in sales contracts to disclose the lot configurations to potential buyers.
The final strata plan represents the building and lots as constructed. Once registered, new titles are issued for each parcel, which can then be transferred to new owners. This final plan is prepared at the practical completion of the building, requiring measurements to confirm the shape and area of lots, car spaces, and storage areas. It is then used for subdivision certification by Council or a Private Certifier before being lodged for registration at NSW Land Registry Services (LRS).
Strata plans require multiple endorsements, including those from a Registered Land Surveyor, Council or Private Strata Certifier, Registered Valuer, Owners, and Mortgagees.
What We Offer
At Clement & Reid, we provide comprehensive strata subdivision plan services, guiding you through every step of the process. Our team prepares draft and final strata plans, ensuring compliance with all regulatory requirements. We handle everything from initial site measurements to the final registration of your strata plan, making the process seamless and efficient.
Precise & Reliable
We pride ourselves on delivering regulation compliant strata subdivision services, ensuring every aspect of the plan preparation supports your property development goals.
Comprehensive Certification Process
At Clement & Reid we can manage the entire certification process for strata plans, including obtaining necessary endorsements from Council or Private Strata Certifiers, and Valuers, ensuring a seamless transition from draft to final registration.
We coordinate closely with all stakeholders to streamline approvals and address any issues promptly, ensuring that the final strata plan accurately reflects the constructed building and complies with all relevant standards.
Our expertise in navigating the complexities of strata certification ensures a smooth and efficient process for our clients.
Strata SubdivisionFAQ
What are the benefits of strata subdivision?
Strata subdivision allows for individual ownership of units within a larger property, enables more efficient use of land, and provides a framework for shared management of common areas.
How long does the strata subdivision process typically take?
The duration of a strata subdivision can vary depending on the size and complexity of the project and local regulations.
Can any property be subdivided into strata titles?
Not all properties are suitable for strata subdivision; factors such as zoning regulations, building structure, and local council policies determine eligibility for strata subdivision.
What is common property in a strata scheme?
Common property in a strata scheme refers to areas which are not part of a lot, and may include hallways, elevators, gardens, and parking areas, which are managed collectively by the owners corporation.
How are strata fees determined?
Strata fees are typically calculated based on the building budget and on the unit entitlement of each lot, which is proportional to the value of the individual units within the strata scheme.