The laws in New South Wales (NSW) concerning strata properties are intended to ensure that strata schemes operate efficiently. If you are an owner, resident, or tenant of a strata property it is important to understand how strata works to make the most of your property and way of life. This understanding will also assist you in resolving any issues before they escalate into disputes or financial difficulties.
Strata schemes are small self-governing communities that operate on democratic principles. The owners of the property decide together how to best manage the shared property. Each strata scheme has the freedom to establish and enforce its own set of rules, known as by-laws, to govern their living arrangements and maintain common property.