APARTMENT LIVING: NAVIGATING STRATA

If you’re moving into an apartment complex for the first time, you have probably never had to deal with strata rules and by-laws. There are rules for managing apartments (known as unit titled buildings), and you should be aware of the financial and legal issues involved when you purchase an apartment.

Whilst not an exhaustive list, here are some tips that will help you navigate strata if you are buying an apartment. It is also recommended that you obtain independent legal advice before you sign any contracts, so that you know exactly what your rights and obligations are.

• You are essentially buying into a small community. Living in close proximity to other people can have a lot of positive benefits. However, it also means that your activities can impact on your neighbours (and the same goes for them). Most apartment complexes also have restrictions on car parking and carrying out renovations.

• Apartment complexes have rules.

Before you purchase an apartment, read the owners corporation rules (and then re-read them). Rules can cover simple things, from not being permitted to hang towels over your balcony through to visitor parking, lift access and the colour of your front door.

• There can be hidden costs.

Buying an apartment can often seem like the cheaper option at the beginning but beware of strata fees that are payable on a regular basis. If your apartment complex has facilities such as lifts, gardens, basement carparking, pools, paved areas or barbecue spots (referred to as common property), there will be costs to maintain these items and you will be legally required to contribute to these costs through strata levies, set by the owners corporation.

Each apartment complex also has a ‘sinking fund’, designed for capital maintenance and repairs. You should check the amount of the fund when purchasing an apartment and take into consideration the age of the complex and what significant maintenance work may be required in the future.

There are clear benefits and downsides to purchasing an apartment and dealing with strata issues. The key is to make sure you are informed and aware of your rights and obligations before you’re locked into a contract.

When building a home, it’s important to understand your requirements and responsibilities. There are some key things you need to do to ensure you remain compliant:

• Make sure anyone working on your home has the correct licences and insurances to undertake the prescribed works

• You will need to appoint a building certifier

• Ensure any fees are paid on time

• Check that development applications, building approvals and any other relevant approvals have been attained before commencing works

It can be tricky to know who is responsible for each part of your project. Here is a handy, brief outline of who you can expect to work with throughout the process and what their role should be:

Your builder should be the person coordinating and leading your new home build or renovation. They will complete all work that requires building approvals. It is a requirement that your builder is licensed by the relevant state licensing body as being suitably qualified to conduct building work.

Whether you choose to engage an architect, building designer or draftsperson, they will be responsible for the building plans and will provide you with valuable advice in the creation of your home.

You will appoint a building certifier who will ensure the build is compliant with building legislation.

Your electrician will complete all electrical works and, upon completion, must provide you with a certificate of electrical safety that states their work is compliant with relevant standards.

A building assessor will provide you with an energy efficiency assessment rating to ensure your home meets the required standards. You may also work with the following tradespeople:

• Tilers

• Bricklayers

• Painters

• Joiners

• Asbestos removalists

• Plasterers

1 You’ll receive a building certifier’s final inspection – this is to ensure the project is compliant with the building approval and requirements. Once this step is complete, you’ll receive a certificate of completion.

2 You or your builder will have engaged a licensed practitioner to complete electrical, plumbing and gas works. These works will need to be approved and may be inspected by an ACT Government inspector.