› Forums › Common Property › Paint and who pays for it › Current Page
The Owners Corporation Insurance does not necessarily 'care' about the Strata Schemes Management Act and what is common property and what is not.
Most Strata Insurance covers the building.
The initial damage should be handled as a Strata Insurance calim in the first instance. If there is a component of the damage that is not covered by the Strata Insurance or is covered by the lot owners home contents cover they will sort it out. If there is any other damage not covered by the above – the Owners Corporation pays for that damage caused.
As Jimmy states the ultimate obligation is to repair and maintain the common property and this issue albeit unknow to the owners corporation is there cost to repair (hence why they have insurance).
There was a recent legal case on this very issue.
Murray Cameron
Strata Real Estate Service
1300 997 905