Strata Conversions & Options

Links Surveying team member working on a survey strata subdivision in Perth

STRATA CONVERSIONS & OPTIONS

With the Strata Titles Act first coming into operation in 1967 and subsequent changes in 1985, 1995, 1997 and May 2020; many older strata title plans have not benefited from these changes. One of the changes made in 1997 included conversion options for single tier strata schemes registered before the 1st January 1998.

A single tier strata scheme is where no lot exists above a different lot; i.e. a 5-storey building, where the first floor is lot 1 and the second floor is lot 2, etc. is not a single tier strata scheme.

The conversion options available are:

Option 1        

Merger of buildings into strata lots

Option 2        

Merger of land into strata lots

Option 1 & 2

Merger of buildings and land into strata lots

Option 3

Conversion to Survey-Strata

OPTION 1 MERGER OF BUILDINGS

This option will convert all buildings currently allocated as common property to individual lot ownership.

It is important to check a current copy of your strata plan to ensure the buildings are in fact currently deemed common property. The buildings on a number of historical strata plans were automatically converted to individual lot ownership by Landgate.

Typically, all Building Mergers will require:

  • A new Strata plan to be prepared by a Licensed Land Surveyor
  • Schedule of Unit Entitlement and Valuation Certificate
  • Notice of Resolution of Merger
Strata Conversions & Options

OPTION 2 MERGER OF LAND

This option will convert all land currently allocated as common property to individual lot ownership.

Typically, all Land Mergers will require:

  • A new Strata plan to be prepared by a Licensed Land Surveyor
  • Schedule of Unit Entitlement and Valuation Certificate
  • Notice of Resolution of Merger
  • Disposition Statement on Merger of land or Conversion to a Survey-Strata Scheme
  • Consent from the bank, mortgagee or any other registered interest, i.e. Caveator
Strata Conversions & Options

OPTION 1 & 2 MERGER OF BUILDINGS AND LAND

This option will convert all buildings currently allocated as common property to individual lot ownership. This option also allows you to show any additions to existing buildings, add any new buildings and convert all land currently allocated as common property to individual lot ownership.

Typically, all Building and Land Mergers will require:

  • A new Strata plan to be prepared by a Licensed Land Surveyor
  • Schedule of Unit Entitlement and Valuation Certificate
  • Notice of Resolution of Merger
  • Disposition Statement on Merger of Land or Conversion to a Survey-Strata Scheme
  • Consent from the bank, mortgagee or any other registered interest, i.e. Caveator
Strata Conversions & Options

OPTION 3 CONVERSION TO SURVEY-STRATA

This option will convert the entire strata scheme to Survey-Strata, whereby all the buildings are removed from the Title Plan and the Survey-Strata lot is defined by dimensions.

Typically, all Conversions to Survey-Strata will require:

  • A new Strata plan to be prepared by a Licensed Land Surveyor
  • Schedule of Unit Entitlement and Valuation Certificate
  • Notice of Resolution of Conversion to a Survey-Strata Scheme
  • Disposition Statement on Merger of Land or Conversion to a Survey-Strata Scheme
  • Consent from the bank, mortgagee or any other registered interest, i.e. Caveator
    Strata Conversions & Options

    Some of the key criteria for all Conversion options are:

    • Single tier scheme
    • Registered prior to 1st January 1998
    • Each conversion option can only be used once

     

    EXCLUSIVE USE

    Whilst Exclusive Use is not a Conversion, it is an option within the Strata Titles Act to allow for a By-law to be created to grant exclusive use and enjoyment of, or special privileges to, a lot owner for all or part of the common property within a strata scheme. Car bays and store rooms are typical examples of where Exclusive Use By-laws are commonly used.

    Typically, all Exclusive Use By-laws will require:

    • A sketch defining the exclusive use area
    • Notice of Amendment, Repeal or Addition of By-law

    Get In Touch

    Interested in a quote, meeting with one of our friendly team members or finding out more? Email us at [email protected] or call our head office during business hours on 08-9354-8511