The 2 common types of survey plans for Community Titles Schemes in Queensland are building format plans (previously known as a building unit plan) and standard format plans (previously known as a group title plan).
Today’s webinar will focus on standard format plans. We will be discussing several key topics relating ;to standard format plans. These topics are:
- standard format plan boundaries
- maintenance responsibilities
- exceptions to owner responsibility
- standard format plan versus building format plan
- the use of body corporate funds
- supply of services
- lot improvements
- insurance in a standard format plan.
Please note that while there will be references to Standard Module sections throughout the presentation, the information in this webinar mostly applies to all the regulation modulesHowever, there are some differences if your body corporate is governed by the Two-lot Schemes Module, as there are no committees or general meetings. The body corporate under the Two-lot Schemes Module makes decisions by lot owner agreements.
It is not always clear whether maintenance is a body corporate responsibility ;or whether it is the responsibility of an individual owner. The general position is that common property maintenance is the responsibility of the body corporate, while maintenance of a lot is mostly the responsibility of an individual owner.
Therefore, a key question when working out who is responsible for maintenance is: what is common property and what is part of my lot?