A Strata Plan is a registered document comprised of several pages of written descriptions, sketches and critical information about the lots.
The Strata scheme comes about when a parcel of land or a building on a property is legally divided into a number of separate lots (at least 2) which can include common property (in the case of a survey strata plan) laid out in a strata plan. Upon successful registration of a strata scheme each lot is issued with a separate title. Each lot can be made-up of more than one lot – in this case each part is called a part lot.
A Strata Plan consists of a location plan and a floor plan. The location plan shows the strata scheme with respect to the parcel of land and neighboring properties. The floor plan displays the boundaries of the buildings forming part of the strata plan for each of the individual lots and their respective boundaries within the strata plan. All other areas outside the boundaries of the lots as shown on the floor plan are defined as common property.
The first page of the strata plan includes the name of the scheme, the registered address of the scheme, the strata plan number in the top left hand corner, the date of the strata scheme when it was lodged for registration, the date it was examined, the date of registration,and confirmation that a management statement (by-laws) was/wasn’t put in place. Also included are the lot number of the strata plan and volume/folio from the certificate of title, local government details and a signed and dated approval from the chairman of the Western Australian Planning Commission.
Understanding and interpreting your strata plan can be very difficult, so please remember to contact your trained strata company manager at ESM for any assistance you require.