0
0
In NSW, understanding the difference between a deposited plan and a strata plan is essential for property ownership. These two types of land titles play crucial roles in how properties are organized and managed.
Land titles in NSW are based on precise land plans derived from surveys that define property boundaries and legal identities. The NSW Land Registry Services (LRS) oversees this process, requiring land plans for registration in two main scenarios: creating new land parcels through subdivision, and designating existing land or portions for specific uses like easements or leases.
This process ensures accurate land parcel definitions and legal recognition, which is vital for property ownership and management. The main distinction between deposited and strata plans lies in how they define and share property.
What are deposited plans?
Deposited plans are survey plans created and lodged with LRS, graphically representing specific parcels of land with detailed information about boundaries, dimensions, and configurations. These plans are crucial for purposes like subdivision, easements, boundaries, titles, zoning, and development.
Subdivision is the most common use of deposited plans, as they are necessary to divide larger parcels of land into smaller lots. Each new lot is represented on the plan and can be sold, transferred, or developed individually.
Deposited plans provide accurate property boundary definitions to avoid disputes and serve as the basis for property title registration. Local governments and planning authorities also use these plans to enforce zoning regulations and approve or deny development applications.
When a property owner needs to submit a deposited plan, they must engage a registered land surveyor as required by the Real Property Act 1863. The creation of deposited plans in NSW is highly regulated to ensure accuracy and compliance. Each plan is uniquely identified by an assigned DP number, facilitating referencing and tracking in public records.
What are strata plans?
In NSW, strata plans are legal documents that represent multi-unit properties or buildings, typically used for the division and management of individual lots or units and common property within strata schemes. These plans often pertain to apartment buildings or townhouse developments, outlining the boundaries of each lot and common property areas. They include essential information for property owners, such as unit numbers, dimensions, and associated by-laws or regulations. Strata plans are crucial for defining ownership and responsibilities.
In strata schemes, the Owners Corporation manages common property on behalf of various owners, including individuals, families, or companies. These properties can be held in ‘fee simple’ or as leasehold. Strata schemes can encompass multiple lots on a single land parcel, such as in retirement villages and rural developments. Common property typically includes shared areas like hallways, gardens, driveways, recreational spaces, and even non-adjacent properties like cabins or mobile homes.
The registration of a strata plan officially initiates the strata scheme and issues titles under the strata scheme legislation.
Why choose All Suburbs Strata Management?
We are the strata compliance experts, ensuring your strata scheme starts with a well-defined, accurate strata plan.
We offer professional and precise advice and administrative services with transparency and integrity.
With over 40 years of experience in strata management, ASSM is large enough to provide solid stability and small enough to ensure personalized service and build lasting relationships.
We specialize in residential, community, commercial, and industrial strata schemes. At ASSM, we assist developers in preparing for registration and provide strata reports and inspections.
We ensure your strata scheme runs smoothly. When considering buying into a strata scheme or needing a professional and qualified team, contact ASSM today and experience the difference that 40 years of successful strata management makes.
For More Details NCD!
