Generally speaking, in most strata schemes, the lot owner owns the airspace and everything in it within the boundary of the unit. They don't own the main structure of the building. The owners corporation is responsible for the repair and maintenance of common property.

What is a strata manager responsible for?

Strata managers are involved in coordinating the affairs of lot owners including conducting meetings, collecting and banking levies, arranging property maintenance, advising on asset management, placing insurance and keeping financial accounts.

Do you need a strata manager?

No. There is no legal requirement for you to engage a professional strata manager. There are certain owners corporation functions that cannot be delegated to the strata manager, such as setting levies, electing the committee or changing the by-laws. ...