Understanding the difference between a strata title and freehold ownership in Western Australia (WA) can save you from future surprises. Each kind of property has unique rights, responsibilities and implications for maintenance, decision-making and resale.
Here’s what you need to know if you are going to deal with a strata company in Perth:
What Is Freehold Ownership In Western Australia?
In WA, a freehold property is also known as a green title. This means that you own the land and any structures on it outright. As a result, you’re responsible for everything on that property, from the house to the garden to the fencing and any improvements that go along with it.
This kind of title is most commonly associated with what might be known as detached houses and is generally considered to be the most straightforward type of property ownership.
Freeholds are not subject to any kind of body corporate rules or strata levies. As a freehold owner, you have full control over renovations or structural changes, as long as they comply with council regulations.
Understanding Strata Title
Strata titles in WA are typically used for multi-dwelling developments, such as apartment blocks, townhouse complexes and some villa units.
Under a strata scheme, property owners have their own lots within a larger development, while common areas – such as driveways, park areas, and stairwells – are collectively owned and managed by the strata company.
Under WA’s Strata Titles Act of 1985, strata schemes can be either:
- Built strata, in which lots are defined by different buildings; or
- Survey strata, whereby land parcels are defined, but the buildings may not exist yet.
Under strata ownership, one of the things that you need to know is that it comes with several obligations. As an owner you will need to contribute to strata levies, attend meetings, follow bylaws and generally have to accept that property ownership is part of a greater communal arrangement, where noise levels, exterior appearances, parking and more have to be managed in community.
Why Work With a Trusted Strata Company in Perth?
One of the benefits of strata properties is that common area maintenance is shared amongst all owners, and major repairs are often organised collectively. While owners can manage a strata scheme themselves, it often comes with complex legal, financial and maintenance responsibilities.
To avoid common pitfalls and stay confident you’re making the right decisions, it helps to have a reputable strata management company by your side.
Strata Manager Finder WA makes finding the right strata company in Perth easy. Click here to find out more or get a free quote today!
