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Land and Property Information (LPI) 15ST-2 Termination of Strata Scheme form 15ST: Instructions for Completion (1004) Note: form 15ST is an application to the Registrar General to issue an order terminating

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What is termination of strata scheme?

Termination of strata scheme refers to the process of legally ending the existence of a strata scheme, which is a type of property ownership where individuals own a portion of a building or development.

Who is required to file termination of strata scheme?

The owners or the appointed representatives of the owners corporation are typically required to file the termination of strata scheme.

How to fill out termination of strata scheme?

To fill out termination of strata scheme, you need to gather and report relevant information, such as details of the strata scheme, reasons for termination, proposed distribution of assets, and obtain necessary signatures. It is recommended to consult legal professionals or relevant authorities for guidance on the specific process and requirements in your jurisdiction.

What is the purpose of termination of strata scheme?

The purpose of termination of strata scheme can vary but it is typically done to facilitate redevelopment, resolve disputes among owners, or enable the sale of the entire property.

What information must be reported on termination of strata scheme?

The information that must be reported on termination of strata scheme can include but is not limited to: details of the strata scheme (e.g., strata plan number, property address), reasons for termination, proposed distribution of assets, consent of owners, and any supporting documents or evidence.

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