A Strata Plan is a registered document comprised of several pages of written descriptions, sketches and critical information about the boundaries of the lots, as well as other important information pertaining to the strata company.
A Strata Plan is used to describe the breakdown in ownership when a parcel of land is legally divided into a number of separate lots (at least 2) and common property. Upon successful registration of a strata plan each lot is issued with a separate title. Each lot can be made-up of a single area or multiple areas – in that case each area 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 neighbouring properties and roads. 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.
The first page of the strata plan includes the name of the scheme, the registered address of the scheme, the strata plan number, the date of the strata scheme when it was lodged for registration, the date it was examined, the date of registration, and confirmation whether a management statement (by-laws) was put in place at the time of registration. Also included, are the lot numbers of the strata plan and volume/folio for the certificates of title, local government details and a signed and dated approval from the chairman of the Western Australian Planning Commission.
Every strata plan is unique. 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.