What is Common Property?
Common property includes the areas and assets within a strata scheme that are collectively owned and maintained by all the owners in the scheme. It includes areas and assets that are not exclusively part of individual lots or units within a strata scheme and includes common hallways, staircases, driveways, gardens, swimming pools, gyms, and meeting rooms.
All owners, through the owners corporation, share the responsibility for the maintenance, repair, and upkeep of common property. Owners and residents have the right to access and use common property for its intended purposes, subject to any by-laws or regulations in place.
Sometimes parts of common property may be designated as exclusive use areas, which are assigned to specific owners or lots for their exclusive use. Notwithstanding these areas are still part of the common property but have restricted access or use.
Strata committees need to understand and manage common property effectively to ensure the well-being and satisfaction of all residents in the strata scheme. Specific rules and by-laws regarding common property can vary. If you need guidance about common property in your scheme, feel free to contact us.