New South Wales Consolidated Acts

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STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 31

Requirement for folio if there is common property

31 Requirement for folio if there is common property

(1) In a folio for common property, it is sufficient that the land comprised in the common property is described as the common property in a designated strata plan without defining its area or dimensions.
(2) A folio for common property is taken to certify title to the common property, other than common property the subject of an accepted lease or sublease, in the strata scheme as the common property may exist from time to time.
(3) The Registrar-General must, in the way the Registrar-General considers appropriate, record the following in a folio for common property in a strata scheme--
(a) the name of the owners corporation,
(b) the address for service of notices on the owners corporation,
(c) the schedule of unit entitlement for the scheme,
(d) any easement benefiting or burdening the parcel and any restriction on the use of land or positive covenant burdening the parcel,
(e) particulars of the by-laws specified in the strata plan for the scheme, and any change in the by-laws, notification of which has been lodged under section 141 of the Strata Schemes Management Act 2015 ,
(f) any other matter that, by or under this Act or another Act, the Registrar-General is required or authorised to make in the folio.



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