What is strata and how does it work in Sydney and NSW?

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Links in video:

Strata Schemes Management Act:
https://legislation.nsw.gov.au/view/h...

Strata Schemes Management Regulation:
https://legislation.nsw.gov.au/view/h...

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What is Strata? What are Strata Fees? All these questions and more answered in this Q&A session. Whether you're a landlord or buying a strata property, This is for you

In this Info Agent video, we'll provide a comprehensive guide to understanding strata in Sydney and NSW. We'll start by defining what strata is and how it differs from other forms of property ownership and the role of strata managers in managing these properties.

Whether you're a first-time buyer, a tenant, or a seasoned property owner, this video is a must-watch if you want to understand strata in Sydney and NSW. Let us share our expertise and offer valuable insights that will help you navigate the strata landscape with ease.

Don't forget to like, share, and subscribe to our channel for more informative videos on real estate and property management. Thank you for watching!

Contents:
0:00 - Intro
0:56 - What is Strata?
1:15 - What does strata mean?
1:30 - What are strata fees and levies?
2:00 - How often do you pay strata fees?
2:10 - How much are strata fees?
2:53 - What is strata management?
3:13 - What does strata cover?
3:41 - What do you need strata approval for?
4:16 - Do you need strata approval to change carpet?
4:36 - Are strata fees tax deductible?
4:57 - Can strata refuse pets NSW?
5:34 - Is a garage common property in Strata?
5:51 - Are fly screens covered by strata?
6:02 - Do strata fees include water rates?
6:26 - Who can attend a strata committee meeting?
6:38 - Can tenants attend strata meetings?
6:58 - What is a quorum for a strata meeting?