001. What Is Strata
What Is Strata?
In this episode, Amanda answers the question “what is strata?”, explaining how strata plans are created, the difference between lots and common property, what by-laws are, and the steps you can start taking today to become more active in your strata community.
Key Points (Timestamps)
- 0:01 – Intro & Overview
- 1:33 – What is strata?
- 3:15 – Amanda explains strata plans in simple English
- 3:52 – Your strata plan number and where to find it
- 5:01 – The difference between your lot number and your unit number
- 5:09 – How to find your strata plan number and your lot number
- 5:43 – Strata plans, by-laws and how they’re related
- 6:45 – Amanda explains lots and common property and the difference between them
- 8:33 – How to negotiate the intricacies of a strata plan (and when to get the right advice)
- 9:41 – A quick recap of key points covered in this episode
- 10:00 – Action steps you can take right away