When a strata property is sold, who is responsible for updating the strata ownership records? Is it the vendor or the purchaser's responsibility?
This is both the vendor’s and the purchaser’s responsibility.
This is both the vendor’s and the purchaser’s responsibility. During the conveyancing process a “strata interest notice” pursuant to Strata Schemes Management Act 2015 (NSW) - Sections 22, 258 and 259 will be prepared for both parties and is sent by both parties to the Owners Corporation (usually the strata managing agent).
It is very important step for the purchaser, as this document records their entitlement to vote at meetings of the Owners Corporation.
Leanne Habib Premium Strata E: info@premiumstrata.com.au P: 02 9281 6440
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Leanne is leading the conversation in strata and community management across Australia. With a distinguished career spanning over 25 years and holding credentials as a licensed Strata and Community Manager and Real Estate Managing Agent, Leanne has masterfully redefined the essence of premium strata service. Her approach, honed through years in senior roles within top-tier agencies, is unwaveringly client-focused, ensuring that expectations are not only met but consistently exceeded.
As a pivotal member of the Strata Community Association (SCA) and the CEO of the award-winning Premium Strata, Leanne, together with her team of seasoned strata managers, embodies a commitment to unparalleled service excellence. Beyond steering Premium Strata and Premium Building Management, her influence extends across the property industry as a leading voice. Leanne's insights on legislative updates and industry shifts are invaluable, offering guidance to lot owners on intricate strata matters and fostering effective and informed strata management practices.
Leanne is a regular contributor to Lookupstrata.
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