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