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I am a unit owner in a small strata, we are all ground floor. The others want to break up the strata and become independent under torrens title. We each have our unit entitlement but how is the common property divided. Is it divided according to unit entitlement, or is it divided equally among the owners?
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Have read something about this in the past. I believe that some common property would remain common property and there would still be a kind of l levy paid to maintain it. For example, in a townhouse complex, the driveway would remain jointly owned and all owners would have to pay for maintenance. It woukd depend on your complex and what common areas there are around it. Areas that all would use or need access to would no doubt have to remain as common. Areas that are only accessible to one unit could, I would think, go on the title of that unit? Though not 100 percent sure how it would work. Not sure that “common property” is the correct term. Perhaps “right of way”? No doubt the lawyers drawing this up can point you in the right direction.