Useful Information: General
Strata and community title schemes around Australasia use a bewildering variety of different words for the same things.
Although a few words are very commonly used in different territories (such as ‘lot’, which means a portion of a property that can be separately owned and sold) most are not.
In some cases the same word or words are used by different states but with different meanings (like ‘unanimous resolution’).
This unfortunate situation is a legacy of the way strata legislation developed in different areas.
Strata Community Association (NZ) hopes that through building awareness of the differences our nation will start using the same words.
ON THIS WEBSITE
To make things less confusing, a few common strata terms are used across the national pages of this website:
- Owners Corporation (also known as a body corporate, strata corporation, strata company or corporation)
- Committee (also known as an executive committee, managing committee, committee of management, and council)
- Body Corporate Manager (also known as an Owners Corporation Manager, Strata Manager, Agent, Strata Managing Agent, or just Manager).
DO YOU WANT TO LEARN MORE?
View and download our Introduction to Strata ebook. This useful resource is helpful to newcomers to the industry, your clients and the general public.