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Strata Living Get involved13 32 20 fair trading.NSW.gov.AU NSW Fair Trading 13 32 20 (general inquiries) ISBN 978 1 921938 10 8 Disclaimer Information on this topic may have changed since this booklet

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How to fill out strata living

01

Start by gathering all the necessary documents related to strata living, such as the strata bylaws, rules, and regulations.

02

Read and understand the strata bylaws and rules thoroughly to ensure compliance.

03

Attend strata meetings to stay informed about any updates or changes in strata living.

04

Pay attention to strata fees and contribute your share in a timely manner.

05

Participate actively in strata discussions and decision-making processes.

06

Follow any guidelines set by the strata council regarding maintenance, repairs, or improvements to your strata property.

07

Respect the rights and privacy of other strata residents.

08

Take responsibility for the maintenance and cleanliness of your strata unit.

09

Be familiar with the strata dispute resolution process and follow it if any conflicts arise.

10

Stay involved in the strata community by joining committees or volunteer activities.

Who needs strata living?

01

Individuals or families who are looking for shared ownership of a property while also enjoying the perks of a well-maintained community.

02

People who prefer to have certain responsibilities, such as property maintenance and repairs, shared among multiple owners.

03

Those who appreciate the security and safety measures that come with living in a strata complex.

04

Individuals who want to actively participate in decision-making processes regarding the management and maintenance of their property.

05

First-time homebuyers who may find strata living more affordable compared to buying a standalone house.

06

Retirees or seniors who desire a sense of community and potential support network.

07

Homeowners who prefer to have professional property management services taking care of common areas and amenities.

08

People who value the convenience of having amenities like swimming pools, gyms, or shared common spaces within their property complex.

09

Individuals who want a hassle-free lifestyle with limited responsibilities in terms of property upkeep and maintenance.

10

Investors who see the potential of rental income and property appreciation within a strata complex.

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What is strata living?

Strata living refers to a form of housing where residents own their individual units but also share ownership of common areas and facilities within a building or complex.

Who is required to file strata living?

Owners of strata properties are required to file strata living.

How to fill out strata living?

To fill out strata living, owners must provide information about the property, common areas, finances, and any bylaws or rules that govern the strata.

What is the purpose of strata living?

The purpose of strata living is to manage shared resources and facilities efficiently and fairly among all owners.

What information must be reported on strata living?

Information such as property details, financial statements, meeting minutes, and bylaws must be reported on strata living.

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